Mortgage Rates Dip to Lowest of 2025
Mortgage rates have been trending down, hitting new year-to-date lows after Federal Reserve Chair Jerome Powell suggested at the Jackson Hole Economic Summit that the labor market may be a bigger focus than inflation.
Rates have been dipping since early August, and according to Mortgage News Daily, the average 30-year fixed rate dropped 10 basis points today to 6.52%.
That’s good news for anyone patiently watching the housing market. Historically, when rates dip from the mid-6.6% range toward 6%, we see stronger housing activity and a pickup in purchase applications. Year-over-year purchase application numbers have been solid in 2025, but the week-to-week growth has been sluggish in this challenging time. If rates can hold closer to 6%, we could see 12 to 16 weeks of positive momentum, just like in past cycles.
Here’s the big picture. There’s still plenty of uncertainty ahead, with labor data, Fed moves, and broader economic headlines in play. But for buyers and refinancers, lower rates open a window of opportunity that we haven’t seen in months.
If you’ve been waiting on the sidelines, now is the time to reach out. I can walk you through your options, explain how today’s rates affect your buying power, and help you make the right move for your situation.
Don’t wait too long. Markets move fast. The best way to be ready is to get started now.
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Home Improver: Reverse Your Ceiling Fan for Fall
Did you know your ceiling fans can help lower heating costs? Most people think of ceiling fans as a summertime necessity, but they can actually help you stay warmer in the cooler months, too. The secret is in the small switch on the motor housing that changes the blade direction.
In summer, fans spin counterclockwise to push cool air down. But once fall arrives, flip the switch so the blades spin clockwise at a low speed. This creates a gentle updraft, which pulls cool air up and pushes warm air back down along the walls. This circulates heat that would otherwise collect near the ceiling.
Do this and your rooms will feel cozier. Your heating system won’t have to work as hard, and you might even see a dip in your energy bill. It’s a quick, no-cost adjustment that can make your whole home more comfortable this season.