According to Freddie Mac's latest Primary Mortgage Market Survey (PMMS), the U.S. 30-year fixed-rate mortgage (FRM) averaged 6.63% as of August 7, 2025.
Mortgage applications rose for the first time in four weeks as interest rates continued their downward slide, offering some relief to borrowers amid signs of broader economic softening.
The U.S. condominium market is showing signs of structural strain in 2025, weighed down by shifting generational preferences, growing inventories, and regional overconcentration.
The U.S. housing market showed further signs of sluggish momentum in June 2025, as contract signings for home purchases dipped for the second consecutive month, underscoring persistent affordability challenges and buyer hesitation in many parts of the country.
Posted on July 30, 2025
Posted on July 29, 2025
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