The Primary Mortgage Market Survey

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U.S. Mortgage Rates See Sharpest Weekly Drop in Over a Year

September 15, 2025

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U.S. mortgage rates drop to their lowest level in nearly a year, boosting refinancing and purchase demand. But with home prices still high, affordability remains a pressing challenge.

Mortgage rates in the United States recorded their steepest weekly decline in more than a year, signaling a potential turning…