Mortgage Rates Today — August 25, 2026
Today’s index numbers
- 30-year fixed: 6.65% (−0.02 vs. prior week) — Freddie Mac Primary Mortgage Market Survey via FRED, week of August 20, 2026
- 15-year fixed: 5.95% (−0.01 vs. prior week) — Freddie Mac Primary Mortgage Market Survey via FRED, week of August 20, 2026
- Daily rate-lock index: 6.68% 30-year conforming (−0.014 on the day) — Optimal Blue Mortgage Market Indices, as of August 24, 2026
- Daily rate index: 6.78% 30-year fixed (+0.01 on the day) — Mortgage News Daily, as of August 24, 2026
These are national survey and index averages, not an offer.
What moved rates
The three benchmarks are telling a consistent story: the 30-year fixed has settled into the mid-to-high 6s, with the weekly Freddie Mac survey at 6.65% and the two daily indices between 6.68% and 6.78%. The gap between them is normal. Freddie Mac surveys lenders on rates quoted to strong borrowers with points, Optimal Blue reads actual rate locks across thousands of lenders, and Mortgage News Daily tracks lender rate sheets at the end of each day, so the daily figures typically sit a little above the weekly survey.
Week over week the move has been small and slightly lower. The Federal Reserve left its policy rate unchanged at 3.50%–3.75% at the July 28–29 meeting, and the next scheduled decision is September 15–16, so the market’s attention between now and then is on inflation and employment data and on where the 10-year Treasury yield settles. Mortgage rates track that yield more closely than they track the Fed’s rate.
A move of a couple of basis points in a week is noise for anyone under contract; a lock decision should be driven by your closing date and how much payment variability you can tolerate, not by a small weekly dip. For homeowners weighing a refinance, the difference between today’s averages and your existing rate matters far more than the day-to-day direction, and the refinance savings check on this site is built for exactly that comparison.
What a $400,000 loan looks like at today’s average
At 6.65% on a 30-year fixed, principal and interest on a $400,000 loan is approximately $2,568 per month. This figure excludes property taxes, homeowners insurance, flood insurance, mortgage insurance and any association dues; the actual monthly obligation will be greater.
Florida note
Florida borrowers should add state documentary stamp tax (0.35% of the note) and intangible tax (0.2% of the mortgage) to closing-cost estimates, and should obtain wind and flood insurance quotes before relying on any payment figure, since those premiums are counted in qualifying and have risen substantially across coastal metros.
Rates shown could change or may not be available at commitment or closing.
Daily Mortgage Rates is published by PMF, Inc. d/b/a Pioneer Mortgage Funding, NMLS #1980 · Branch NMLS #2681379 · Loan Originator: Brendin Straubel, NMLS #1757609 · 401 E Jackson St, Suite 2340, Tampa, FL 33602 · 813-728-7764 · [email protected]. Verify licensing at nmlsconsumeraccess.org. Not a commitment to lend. All loans subject to credit approval.