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Average fixed mortgage rates mainly held in place from yesterday morning while the more unstable 5/1 adjustable rate took a big action down.

Today's market information, led by another day of decreasing Treasury yields, should put down pressure on rate of interest in the near-term.

Current mortgage and re-finance rates

> Related: 7 Tips to get the very best refinance rate

30-year set rate mortgage

At the time this was published, the typical 30-year fixed mortgage rate reached 6.62%.

The typical 30-year fixed rate mortgage (FRM) hit a record weekly low of 2.65% on Jan. 7, 2021, and a record weekly high of 8.89% on Dec. 16, 1994, according to Freddie Mac.

A 30-year FRM gives customers a cost effective choice however you pay more interest over the life of the loan compared to much shorter mortgages.

15-year fixed rate mortgage

Today, the typical 15-year set mortgage rate went to 5.85%.

The typical 15-year FRM hit a record weekly low of 2.1% on July 29, 2021, and a record weekly high of 18.63% on Sep. 10, 1981, according to .

The 15-year FRM uses debtors a briefer term with less accumulated interest, however the month-to-month payments will be much greater.

5/1 adjustable-rate mortgage

This early morning's 5/1 adjustable rate mortgage averaged 5.76%.

Adjustable-rate mortgages (ARMs) typically have lower preliminary rate of interest compared to fixed loans. Once that initial duration ends, the interest rate adjusts to the existing market conditions. In this case, the initial period is five years and the modifications depend on when every year. Homeowners with shorter term financing strategies tend to see these as advantageous.

Market data affecting today's mortgage rates

Here's a picture of the state of play as this short article was published. The information mainly compares to approximately the same time business day in the past, so much of the motion will typically have actually happened in the previous session. The numbers are:

- The yield on 10-year Treasury notes reduced to 4.302% from 4.313%. (Good for mortgage rates.) More than any other market, mortgage rates generally tend to follow these specific Treasury bond yields

• Major stock indexes mostly fell today. (Helpful for mortgage rates.) When financiers buy shares, they often sell bonds, pressing those prices down and increasing yields and mortgage rates. The opposite may happen when indexes are lower. But this is an imperfect relationship Oil rates increased to $63.10 from $62.65 a barrel. (Bad for mortgage rates *.) Energy rates play a popular role in developing inflation and likewise indicate future financial activity Gold prices increased to $3,389 from $3,380 an ounce. (Neutral (however relocating a good direction) for mortgage rates .) It is normally better for rates when gold rates rise and worse when they fall. Because gold tends to rise when investors stress over the economy. CNN Business Fear & Greed Index reduced to 55 from 64 out of 100. (Helpful for mortgage rates.) "Greedy" investors press bond rates down (and rates of interest up) as they leave the bond market and move into stocks, while "afraid" financiers do the opposite. So, lower readings are often much better than greater ones
  
  A motion of less than $20 on gold rates or 40 cents on oil costs is a modification of 1% or less. So we just count meaningful differences as excellent or bad for mortgage rates.
  
  Caveats about markets and rates
  
  Before the pandemic, post-pandemic upheavals, and war in Ukraine, you could look at the above figures and make a respectable guess about what would happen to mortgage rates that day. But that's no longer the case. We still make day-to-day calls. And are generally right. But our record for accuracy will not attain its former high levels until things calm down.
  
  So, usage markets only as a rough guide. Because they need to be exceptionally strong or weak for us to depend on them. But, with that caveat, mortgage rates today may nudge up or hardly budge. However, know that "intraday swings" (when rates change speed or direction during the day) are a typical function today.
  
  What's driving mortgage rates today?
  
  Today
  
  While no financial reports come out today, 2 Federal Reserve executive speak.
  
  At 11am ET, Fed Governor Christopher Waller will offer a speech about payment innovation at the 2025 Wyoming Blockchain Symposium and can be watched here. At 2pm, Atlanta President Raphael Bostic goes on at the Fintech South 2025 conference and will talk about financial policy. As always, their words will be dissected for any tips on the upcoming Fed conference and rate choice in September.
  
  Recent trends
  
  Freddie Mac's August 14 report put the weekly 30-year fixed mortgage rate average at 6.58%, down five basis points from the previous week. But note that Freddie's data are generally out of date by the time it reveals its weekly figures. Still, they're a great way to track patterns.
  
  Expert forecasts for mortgage rates
  
  Looking further ahead, Fannie Mae and the Mortgage Bankers Association (MBA) each has a team of economic experts devoted to keeping an eye on and forecasting what will take place to the economy, the housing sector and mortgage rates.
  
  Here are their quarterly rate forecasts for the 2025.
  
  The numbers in the table listed below are for 30-year, fixed-rate mortgages. Fannie upgraded its projection on July 11 and the MBA upgraded theirs on July 17.
  
  In its Mortgage Market Outlook published Jan. 24, Freddie Mac wrote, "our outlook for the U.S. economy in 2025 is positive, though we expect the pace of growth to moderate. In late 2024, the U.S. labor market began revealing signs of cooling and we anticipate that to continue 2025. Modestly higher joblessness and slower job gains will minimize a few of the pressures on inflation."
  
  Naturally, offered many unknowables, these forecasts may be much more speculative than normal. And their previous record for accuracy - due to the unstable nature of rates of interest - hasn't been hugely impressive.
  
  Mortgage rate methodology
  
  The Mortgage Reports gets rates based on picked requirements from several providing partners each day. We get to a typical rate and APR for each loan type to display in our chart. Because we balance an array of rates, it provides you a better idea of what you might discover in the market. Furthermore, we average rates for the same loan types. For instance, FHA fixed with FHA fixed. The end outcome is a good snapshot of everyday rates and how they change in time.
  
  Current mortgage rates methodology
  
  We receive current mortgage rates each day from a network of mortgage lenders that offer home purchase and refinance loans. Those mortgage rates revealed here are based on sample borrower profiles that differ by loan type. See our complete loan assumptions here.
  
  Today's mortgage rates FAQ
  
  What is an excellent mortgage rate?
  
  An excellent mortgage rate is one that aligns with present market trends and your monetary scenario. As of August 14, 2025, the average rate for a 30-year set mortgage is 6.58%, while the 15-year set mortgage averaged 5.71%, according to Freddie Mac.
  
  How is your mortgage rate figured out?
  
  Mortgage rates are influenced by numerous aspects, including the economy, the debtor's credit history, the loan term, and the overall housing market conditions. Lenders likewise think about the loan quantity, deposit, and whether the loan is a conventional or government-backed loan.
  
  How to get the least expensive possible rate today?
  
  When looking for the lowest possible mortgage rates, it's vital to cast a broad internet. Put in the time to explore offerings from different lending institutions, including banks, cooperative credit union, and online mortgage suppliers. By collecting multiple quotes, you'll be much better equipped to recognize the most competitive rate and terms that align with your monetary objectives.
  
  Is fixed or an adjustable-rate mortgage better?
  
  Choosing in between the two typically boils down to your monetary objectives and run the risk of tolerance. If you prioritize predictability and strategy to remain in your home long-lasting, a fixed-rate mortgage may be a solid option. However, if you're comfortable with some level of risk and prepare for selling or refinancing before potential rate adjustments begin, an adjustable-rate mortgage might provide initial lower rates that might suit your requirements.
  
  Should you secure your mortgage rate today?
  
  Many projections anticipate mortgage rates will reduce slowly through 2025. However, this decline might be sluggish, and short-term rate increases are possible. If you're closing soon, securing your rate may provide stability, however trust your impulses and run the risk of tolerance when choosing whether to drift or lock.
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