The average rate on 30-year fixed home loans registered 6.63% for the week ending Aug. 7, down from 6.72% last week.

Various types of home loans are seeing an increase in applications on the heels of mortgage rates inching lower.

Many homeowners refinanced their mortgages at the start of August as interest rates lowered. Here's how to know if it's time to consider it, per experts.

According to the Mortgage Bankers Association, the number of ARM applications jumped 25% last week, to their highest level in three years.

Australia’s big four banks were quick to announce they were passing on the rate cut in full, but keen observers could be sceptical of one key detail.

Current mortgage rates are unchanged, but lower than they were seven days ago. Rates are lower than they were in early 2025, when the average 30-year fixed-rate mortgage reached above 7%. But rates are still relatively high as fears around stubborn inflation have kept the Federal Reserve from lowering its benchmark rate so far this year.

Mortgage interest costs vary widely across 15 cities—see where buying a home could still be a smart move, and where renting might save you more.

The average two-year mortgage rate has dipped below 5% for the first time since former Prime Minister Liz Truss's mini-budget in September 2022, figures show. The rate has dropped to 4.99%, according to Moneyfacts, which described it as a "symbolic turning point" for homebuyers and shows lenders are "competing more aggressively".