Will the Bank Accept a Short Sale If I Owe More Than My House Is Worth in Texas?Short answer: Possibly. It depends on many factors. Owing more than your home is worth is exactly the situation a
Mortgage Rates Retreat Slightly
Dated: August 1 2025
Views: 0
Rates on 30-year mortgages slipped to 6.72% from 6.74% last week while 15-year rates dropped to 5.85% from 5.87%, Freddie Mac said.
WASHINGTON – The average rate on a 30-year U.S. mortgage eased to where it was three weeks ago, modest relief for prospective homebuyers challenged by rising home prices and stubbornly high borrowing costs.
The long-term rate slipped to 6.72% from 6.74% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.73%.
Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also eased. The average rate dropped to 5.85% from 5.87% last week. A year ago, it was 5.99%, Freddie Mac said.
Elevated mortgage rates continue to weigh on the U.S. housing market, which has been in a sales slump going back to 2022, when rates started to climb from the rock-bottom lows they reached during the pandemic.
Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
Latest Blog Posts
Quick answer: For many mortgages, the foreclosure process generally cannot begin until the borrower is more than 120 days delinquent, but once the Texas foreclosure notices start, the timeline can
The Bexar County Auction Is October 6th: What Homeowners on the List Need to Know Right NowIf your home is on the October 6 Bexar County trustee-sale list, here is the honest truth: you are almost
Behind on Mortgage Payments in San Antonio? Your Options Before ForeclosureQuick answer: Being behind on your mortgage does not automatically mean you are losing your home, and it does not
Information provided courtesy of LERA MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but not guaranteed. Provided courtesy of LERA MLS. Copyright 2026 LERA MLS, All Rights Reserved. Data last updated September 25, 2026 11:20 PM UTC
