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2025.08.2711:14:44UTC+00US Mortgage Rates Edge Up for 2nd Week: MBA

The interest rate for 30-year fixed-rate mortgages in the United States, applicable for conforming loan balances of $806,500 or less, experienced a slight increase to 6.69% for the week ending August 22, up from 6.68% the previous week. Concurrently, overall mortgage application volume declined by 0.5%, following a 1.4% decrease observed the week before. According to Joel Kan, an economist with the Mortgage Bankers Association (MBA), "Potential homebuyers seem less affected by the current interest rates, showing increased activity. This is supported by greater housing inventory and a slowdown in home-price growth across many regions."

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