(from CNBC.com)
Mortgage rates just hit their lowest point of the year (written on August 5th), with the 30-year fixed averaging around 6.86%, a small dip, but a big deal for hopeful buyers.
What’s odd? The Fed hasn’t cut rates yet, but two officials already voted for a cut last week, signaling a possible shift ahead.
The July jobs report came in weak, adding pressure on the Fed to act sooner, maybe even by September. Some analysts say even a small drop in rates could spark a wave of buyer demand, but only if people are ready with preapprovals and a game plan.
Still, there’s no guarantee. If inflation sticks or political pressure heats up, rates could actually bounce higher. For now, the housing market is caught in limbo: rates are falling, but nerves are rising.
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Mortgage Rates Hit 2025 Low, But Uncertainty Still Rules
(from HousingWire.com)
Mortgage rates have hovered in the high 6% range for most of 2025, and despite hope that relief is around the corner, August probably won’t be the month it happens. Lending experts say the Fed is still in wait-and-see mode as it battles inflation, reacts to tariff uncertainty, and keeps a cautious eye on the job market.
While some analysts expect a rate cut in September, that’s far from guaranteed. And timing the market could backfire, if rates do drop, expect competition and prices to heat back up fast. In other words: buying now could mean less rate, more house.
Control what you can. Lock in what works for your budget, and if rates do fall later this year, refinancing is always on the table.
Read more here
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