Mortgage rates in the United States have slipped slightly, holding close to their lowest levels of 2025. Though the exact numbers are not provided, this shift underscores a modest but notable trend in the housing finance landscape.

With mortgage rates hovering near 7%, Moody’s chief economist Mark Zandi warns of a looming slump in the U.S. housing market unless rates decline soon. The housing sector, once a stabilizer, is now becoming a “full-blown headwind” for the economy.