Mortgage & Housing
30-Year Mortgage Rate Drops to 6.65% in Second Consecutive Weekly Decline
via Freddie Mac
Freddie Mac's weekly survey shows the average 30-year home loan settled at 6.65% for the week of August 20, slipping for the second straight week after touching a 13-month high earlier this month. The 15-year fixed rate also edged lower to 5.95%.
Why it matters
A falling rate trend matters to buyers and homeowners alike — each quarter-point drop can shave roughly $40–$50 per month off the payment on a $300,000 mortgage.


