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Average rate on a 30-year mortgage drops to lowest level since April

Mortgage rates remain relatively close to their high this year of around 7%, which has helped keep the housing market in a sales slump.

FILE – A “For Sale” sign is displayed outside a home on Friday, July 11, 2025, in Portland, Ore. (AP Photo/Jenny Kane, File)
FILE – A “For Sale” sign is displayed outside a home on Friday, July 11, 2025, in Portland, Ore. (AP Photo/Jenny Kane, File)
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Mortgage rates remain relatively close to their high this year of around 7%.

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