Mortgage rates stuck in 6.5% range as Fed cuts fail to spark relief
- U.S. 30-year mortgage rates averaged 6.548% on Aug. 29, 2025, showing minor daily fluctuations amid broader stability. - Despite Fed rate cuts since late 2024, rates remain elevated due to inflation, national debt, and Fed balance sheet reductions. - Homebuyers face challenges from "golden handcuffs" and high rates, requiring strong credit (740+) and DTI ratios under 36%. - Analysts predict short-term volatility but no return to pandemic-era sub-3% rates, with policy responses to inflation as key drivers.
ainvest•2025-08-29 07:27