Mortgage Rates Drop in August 2025 to Lowest Rates Since April 2025 Mortgage rates have taken a welcome dip in recent weeks, offering a glimmer of relief for homebuyers, homeowners, and anyone watching the housing market forecast. The recent shift is tied directly to a decline in the 10-year Treasury yield and the economic trends influencing it.Mortgage Rates in August 2025: The Latest Numbers The 10-year Treasury yield, a key benchmark for 30-year mortgage rates, has fallen from 4.7% earlier this year