Freddie Mac is reporting that the 30-year fixed-rate mortgage 6.58% for August 14 week. That compares to 6.63% last week.The rate is the lowest since October 24, 2024.Looking at the chart, the range in the mortgage rate has been relatively narrow in 2025. The high extended to 7.04% in January. The low is this week at 6.53%.If the 10-year yield is a proxy for the 30 year mortgage, the 10-year yield peaked at the start of 2025 at 4.809%. The low was in April at 3.860%. The current yield at 4.30%. It is near the middle of that range (the midpoint is at 4.335%). From the high the 10-year yield is down around 50 basis points. For the 30-year mortgage, it is down 46 basis points. What didn't happen in 2025 was that the low in yield in April did not see the mortgage rate move down at a comparable trajectory. This article was written by Greg Michalowski at investinglive.com.