According to the Zillow lender marketplace, mortgage rates are mixed today, Tuesday, August 25, 2026, compared with the previous day.

The average 30-year fixed rate is 6.63%, down 1 basis point from yesterday. The 15-year fixed loan is 5.95%, 7 basis points higher than Monday. The 5/1 ARM is 6.62%, 12 basis points lower than it was on Monday.

Moves of a few basis points from one day to the next are routine, because mortgage rates are priced in the bond market — they generally track the 10-year Treasury yield and mortgage-backed securities — and shift as investors react to economic news, even when the Federal Reserve leaves its benchmark short-term rate unchanged, as it has during its current pause. Today's 6.63% 30-year fixed remains well below the 7.79% record high in Freddie Mac's weekly survey from October 2023, though far above the 2.65% all-time low recorded in January 2021. Borrowers watching for a bigger shift typically look to the monthly jobs report and inflation readings, the releases that most often move bond yields — and with them, mortgage rates.

Read more: Weekly survey of mortgage lenders with the lowest rates: Holding firm in the mid-6s

Today's mortgage rates

Here are the current mortgage rates, according to the latest Zillow data for Tuesday, August 25, 2026:

• 30-year fixed: 6.63%
• 20-year fixed: 6.44%
• 15-year fixed: 5.95%
• 5/1 ARM: 6.62%
• 7/1 ARM: 6.40%
• 30-year VA: 5.99%
• 15-year VA: 5.60%
• 5/1 VA: 5.60%

These are national averages and are rounded to the nearest hundredth. The VA rates run lower than comparable conventional loans because the Department of Veterans Affairs guarantees the loans, which reduces risk for lenders.

Today's mortgage refinance rates

These are the current mortgage refinance rates, according to the latest Zillow data for Tuesday, August 25, 2026:

• 30-year fixed: 6.57%
• 20-year fixed: 6.16%
• 15-year fixed: 5.97%
• 5/1 ARM: 6.41%
• 7/1 ARM: 6.20%
• 30-year VA: 5.97%
• 15-year VA: 5.46%
• 5/1 VA: 5.56%

Again, these are national averages rounded to the nearest hundredth. Refinance rates are usually higher than purchase rates.

Learn more: See our top picks for the best mortgage lenders right now

Yahoo Finance mortgage calculator

A mortgage calculator can help show how different loan terms and interest rates affect monthly payments. You can use the Yahoo Finance mortgage payment calculator to compare different outcomes while shopping for homes and lenders.

The calculator also factors in property taxes and homeowners insurance when estimating your monthly mortgage payment, which can provide a more complete picture than principal and interest alone.

30-year vs. 15-year fixed mortgage rates

In general, 15-year mortgage rates are lower than 30-year rates. A shorter term can save money on interest over the life of the loan, but monthly payments are higher because the same amount is repaid in half the time.

For example, on a $400,000 mortgage with a 30-year term and a 6.19% rate, the monthly payment would be about $2,447.28 toward principal and interest. Over the full term, total interest would come to $481,021.

By contrast, a $400,000 15-year mortgage at 5.65% would require monthly payments of about $3,300.26 toward principal and interest, but total interest would be $194,047.

If a 15-year payment is too high, borrowers can make extra payments on a 30-year loan to pay it off faster and reduce total interest.

Fixed-rate vs. adjustable-rate mortgages

With a fixed-rate mortgage, the interest rate is locked in from the start. The rate changes only if the borrower refinances.

An adjustable-rate mortgage keeps the rate the same for a set period and then adjusts it, either up or down, based on factors such as the economy and the terms of the loan contract. For example, a 7/1 ARM keeps the rate fixed for the first seven years and then adjusts annually for the remainder of the term.

Adjustable rates can sometimes start lower than fixed rates, but borrowers face the risk of higher payments after the initial fixed period ends. ARM rates have also been starting higher than fixed rates recently, so a rate break is not always guaranteed.

Learn more: Determine how to choose between an adjustable-rate vs. fixed-rate mortgage

Mortgage rates today: FAQs

What is today's 30-year fixed rate?

According to the Zillow lender marketplace, the average 30-year fixed rate is 6.63%, down 1 basis point from yesterday.

Will mortgage rates go down in 2026?

According to the latest forecasts, the MBA expects the 30-year mortgage rate to range between 6.60% and 6.70% through 2026. Fannie Mae predicts a 30-year average rate between 6.70% and 6.80% for the rest of the year.

How low could mortgage rates go by 2027?

Mortgage rates are likely to remain little changed in 2027. The MBA forecasts 30-year fixed rates of 6.70% for all of 2027. Fannie Mae is slightly more pessimistic, predicting average rates of 6.70% and 6.80% throughout 2027.

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