Homeowners are taking advantage of falling mortgage rates.
A propriety for sale in Elkridge, Md., on Sept. 2, 2025. Madalina Kilroy/The Epoch Times
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The U.S. mortgage market experienced significant activity last week as interest rates declined to a one-year low, according to new industry data.
For the week ending Sept. 12, the average 30-year fixed rate mortgage decreased by 10 basis points to 6.39 percent—the lowest level since October 2024—the Mortgage Bankers Association said on Sept. 17.
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”
