Falling Rates Spark Modest Rebound in Mortgage Applications

Mortgage application activity rebounded last week as falling rates boosted both purchase and refinance demand. The Mortgage Bankers Association’s weekly survey for the week ending August 1, 2025, showed a 3.1% increase in the seasonally adjusted Composite Index from the prior week. “ Mortgage rates

Mortgage Rates at Lowest Level in Months

Rates on 30-year mortgages fell to 6.63%, the lowest since April, from 6.72% last week, while 15-year rates dropped to 5.75% from 5.85%.

Hurricane Forecasts Hold Steady

Experts still expect a busier-than-usual hurricane season, though they're less certain about the outlook. Warm ocean waters could lead to more storms ahead.

New Construction Price Premium Hits All-Time Low

Newly built homes are more plentiful nationwide and a better value on a per-square foot basis, particularly in the South, Realtor.com said.