August Market Updates

Arizona Real Estate Market: What’s The Buzz?

What's the Buzz

The Latest on Mortgage Rates

The biggest story remains the lower mortgage rates. At the end of last week, they fell again after Chairman Powell’s comments at the Jackson Hole economic symposium.

He alluded to expected Fed rate drops at the upcoming meeting on September 16th and 17th. The 10-year yield fell, as did mortgage rates. According to Mortgage News Daily, they are at 6.604%, the lowest levels of 2025.

The latest on mortgage rates

The Impact on the Market

The lower mortgage rates encourage sidelined buyers to re-enter the market. If rates stay at this level, it is reasonable to expect an increase in demand in the coming months.

“Prices are roughly flat. This actually benefits the overall market. The longer prices remain flat and interest rate fall, the more affordable the market becomes. The higher prices have definitely benefited sellers, but they have also stifled demand.

The impact on the market

The Light at the End of the Tunnel

“The real estate market is the healthiest when there are lots of transactions happening each month, not necessarily when prices are high.”

The lower interest rates and flat prices are why “l see the light at the end of the tunnel. We have been in a real estate recession for about 3 years, and we may only have a year, or a year and a half left. Then we have good things to look forward to. Things will definitely improve for all participants in the real estate industry.”

The light at the end of the tunnel

Today’s Rates: August 25, 2025

  • 6.631% + Conventional 30 YR Fixed
  • 6.126% + Jumbo 30 YR Fixed
  • 6.839% + Conventional 15 YR Fixed
  • 6.648% + FHA 30 YR Fixed
  • 6.687% + VA 30 YR Fixed
  • 5.887% + Conventional 5/1 ARM
Today's rates