Mortgage Rates in Late July 2025: Is a Shift Coming?

Mortgage rates have held steady for several weeks now, but all eyes are on this week’s economic data, which could tip the balance as we head into August. If you're buying or selling in Southwest Colorado, here’s how it ties into your real estate decisions — and what to watch.

Today’s Mortgage Rates (as of July 28, 2025)

Sourced from HousingWire, Freddie Mac, and national mortgage data providers

Freddie Mac’s national average for a 30-year fixed-rate mortgage was 6.74% as of July 24, reflecting very little change since earlier in the month. Most analysts agree rates are hovering between 6.7% and 6.9%, depending on borrower profile and loan product.

Why This Week Could Be a Turning Point

This week brings several major economic reports — all of which could impact mortgage rates:

• Tuesday: Job Openings (JOLTS)

• Wednesday: FOMC Meeting

• Thursday: PCE inflation (the Fed’s preferred inflation gauge)

• Friday: Monthly Jobs Report (historically a major market mover)
  
  

While no change is expected at this week’s Fed meeting, this week’s numbers could shape expectations for a possible rate cut in September. If the labor market shows signs of cooling or inflation continues to ease, we could see rates respond accordingly.

What We’re Seeing in Southwest Colorado

Our local market continues to follow national trends:

• Buyers have more room to negotiate, especially on properties that have been sitting

• Sellers are adjusting pricing strategies, and price reductions are becoming more common

• Days on market are up year-to-date — even with inventory still historically low

• Some sellers are offering rate buydowns or closing cost credits to ease affordability concerns
  
  

This is one of the most flexible buyer environments we’ve seen in recent years. On the flip side, sellers who are realistic about today’s market — and willing to make strategic concessions — are the ones still getting results.

If you’re waiting for the “perfect” time to buy, it might not show up as a big, obvious rate drop. What’s more likely is a gradual shift in the economic landscape that brings more buyers back to the table. When that happens, the opportunity to negotiate could disappear fast.

Right now, we’re seeing:

• Minimal buyer competition

• More price flexibility

• Sellers are open to creative financing solutions
  
  

If rates do drop in the coming months, refinancing is an option. But the deal you negotiate today — on price, terms, or seller concessions — may not be available when the market shifts again.

Want a strategic edge?

I’ll help you build a custom home search plan, connect you with top local lenders, and set up alerts so you’re the first to know when the right opportunity hits.

👉 Schedule a FREE Buyer Consultation today.