Mortgage Interest Rates

Mortgage Rates Dip to 4-Month Low at 6.90% — A Welcome Relief for Homebuyers and Investors Alike

Mortgage rates fell to their lowest point in four months as of August 8, 2025, offering a bit of relief to homebuyers and homeowners looking to refinance. The average rate on a 30-year fixed mortgage dropped to 6.90%, down from last week’s 7.02%, while 15-year fixed rates also declined to 6.21%. Experts attribute the dip…

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Mortgage Interest Rates

Mortgage Applications Rise Despite Volatility as Rates Dip Slightly—What It Means for Arizona Realtors

Mortgage applications saw an overall increase in the latest report from the Mortgage Bankers Association, despite continued volatility in interest rates. Following a modest decline in average rates for 30-year fixed mortgages, both purchase and refinance applications edged up. The average rate for these loans dipped to 7.02% from the previous week’s 7.07%, prompting some…

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Costco Wholesale: Strong Fundamentals Clouded by Valuation Concerns Amid Market Uncertainty

**Costco Wholesale: Mixed Outlook Amid Strong Fundamentals** Costco remains a strong presence in the retail world, showing robust fundamentals through steady revenue growth, rising membership renewals, and consistent same-store sales. Analysts highlight the company’s healthy balance sheet, prudent inventory management, and ability to pass increased costs onto customers as signs of operational excellence. However, uncertainty…

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Arizona Housing Prices

Housing Price Cool-Down: Major U.S. Cities See Steepest Year-Over-Year Declines in a Post-Pandemic Market Shift

Home prices have begun to cool in several U.S. cities, especially in regions that saw major surges during the pandemic-era housing boom. New data reveals that places like Austin, Texas; Boise, Idaho; and Phoenix, Arizona are experiencing some of the steepest year-over-year declines in median home sale prices. These markets had previously faced rapid price…

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