Top Quality and Affordable Homes
National |
Average Rate* |
30-Year FHA Rate | 6.72% |
30-Year Fixed Rate | 6.79% |
20-Year Fixed Rate | 6.55% |
15-Year Fixed Rate | 6.06% |
* Conforming FNMA Loan Amount. Rates may include points. |
Information updated: 8/11/2025
Existing Home Sales Rise in July
Existing home sales rebounded in July as mortgage rates retreated from the recent peak and home price growth slowed, according to the National Association of Realtors (NAR). This rebound was also supported by inventory improvements, with housing supply at its highest level since May 2020. Despite the ever-so-slight improvement in housing affordability, higher mortgage rates...New and Existing Homes Remain Largely Unaffordable in Second Quarter
While new homes remain largely unaffordable, builder efforts to improve housing affordability paid dividends in the second quarter of 2025, according to the latest data from the National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI). The CHI results from the second quarter of 2025 show that a family earning the nation’s...Retreat for Single-Family Built-for-Rent Housing
Single-family built-for-rent construction fell back in the second quarter, as a higher cost of financing crowded out development activity. According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 12,000 single-family built-for-rent (SFBFR) starts during the second quarter of 2025. This is down significantly relative...State-Level Employment Situation: July 2025
Nonfarm payroll employment increased in 30 states and the District of Columbia in July compared to the previous month, while decreasing in 20 states. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 73,000 in July, falling short of expectations and following significant downward revisions to the previous two months’...Growth for Custom Home Building
NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates year-over year growth for custom home builders amid broader single-family home building weakness. The custom building market is less sensitive to the interest rate cycle than other forms of home building but is more sensitive to changes in household wealth...Orange County, Riverside County, San Bernardino County, Los Angeles County, San Diego Real Estate!
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