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WIBC 9AM-Noon Podcast

30-year mortgage rates hit their lowest level in 10 months

WIBC 9AM-Noon Podcast

WIBC

News

4.61.2K Ratings

🗓️ 15 August 2025

⏱️ 8 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

Pat Sullivan here to remind you to stop putting screens on your gutters.

0:03.3

Better to schedule a free estimate with the local experts at gutter helmet.

0:07.2

So you stay off the ladder.

0:08.7

Visit gutter helmetindy.com with gutter helmet, you'll never clean your gutters again.

0:13.4

gutter helmet indy.com.

0:15.0

30 year mortgage rates hit their lowest level in 10 months, but they're actually up from a year ago.

0:25.3

So the long-term 30-year rate, this according to WTHR, and I think this story originated out of the Associated Press, fell from 6.63 to 6.58.

0:40.6

However, a year ago, it was 6.49.

0:44.1

Now, Freddie Mac is the source on that.

0:46.7

So it's like it's better than it was, but it's still higher than it was

0:58.2

and it's still largely in the inflated home price world we live

1:04.1

prohibitive from many people,

1:06.3

prohibiting many people from being able to buy a home.

1:08.4

It kind of sounds like when gas was like 475

1:10.5

and went to 420 and they wanted you to be happy about it.

1:12.7

That's right.

1:13.1

That's perfect.

1:13.9

Yes, it's much better than it was. It's coming down. You're like it's still up $4. This is crazy. Now you, for the most part, are a career renter. Yep. You have owned a home before, but you as a unmarried man have spent most of your life in a rental dwelling of some sort.

1:14.6

Yep. You have owned a home before, but you as a unmarried man have spent most of your life in a rental dwelling of some sort.

1:31.2

Yep.

1:33.1

I have done both, both owned homes and rented them.

1:38.2

Is there a reason you have avoided of your own volition owning a house?

...

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