30-year fixed rate falls 7 basis points to 6.61%
Mortgage rates have seen a mixed movement heading into the weekend. The 30-year fixed rate fell by 7 basis points to 6.61%, while the 15-year fixed rate rose by 11 basis points to 6.01% and the 5/1 ARM rose by 3 basis points to 6.37% as of August 8, 2026.
Current mortgage rates vary across different loan types, with the 20-year fixed rate at 6.34% and the 7/1 ARM at 6.30%. Refinance rates are also available, with the 30-year fixed refinance rate at 6.64% and the 15-year fixed refinance rate at 6.03%.
These rates are based on national averages and are rounded to the nearest hundredth. The movement in mortgage rates can impact monthly mortgage payments and refinancing decisions.
The variation in mortgage rates may influence consumer decisions on buying or refinancing homes, with some loan types becoming more or less attractive based on the current rates.