Memphis Home Connection
The Key Connect Group, LLC is the Real Estate Team of choice when Honesty is Wanted, Results are Needed and Customer Service is Expected.
09/12/2025
The average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29% on Friday, according to Mortgage News Daily, following the release of a weaker-than-expected August employment report.
It marks the lowest rate since Oct. 3 and the biggest one-day drop since August 2024. Rates are finally breaking out of the high 6% range, where they’ve been stuck for months.
Mortgage rates see biggest one-day drop in over a year Mortgage rates plunged sharply following the release of a weaker-than-expected August employment report. Rates are now at the lowest level since October.
08/27/2025
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Memphis, TN
