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US mortgage rates dip slightly, improving housing affordability and boosting loan applications.

Market News
13 Aug 2026
Fox Business
View Source
Bullish
pluang ai news

Mortgage rates in the US fell for the first time in six weeks, with the average 30-year fixed mortgage rate dropping to 6.67% from 6.69% the previous week, according to Freddie Mac. This rate is still higher than the 6.58% average from a year ago but marks a slight improvement in housing affordability. The 15-year fixed mortgage rate also decreased to 5.96% from 6.01%. Freddie Mac's chief economist noted that these modest rate changes have led to increased purchase and refinance applications, indicating that borrowers are responding positively to the improved affordability. This trend may support continued activity in the housing market despite higher rates compared to last year.

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