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 re...
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