with Stacey Levin, RAM Properties
Is It Really Happening?
Yes, rates are dropping. As of August 30, 2025, the average 30-year fixed mortgage rate has dropped to 6.53%, marking a 10-month low.
Bankrate also reports the 30-year fixed rates recently declined to 6.54–6.55% What’s driving the drop? Federal Reserve rate cuts are expected in the near term; many analysts anticipate reductions as soon as September, spurred by a cooling jobs …