The 5/1 adjustable-rate mortgage fell sharply to 6.31% while fixed-rate loans showed smaller moves on August 13, 2026.
Mortgage rates displayed mixed movements today, with the 5/1 adjustable-rate mortgage declining 20 basis points to 6.31%. The 30-year fixed-rate purchase loan decreased 7 basis points to 6.58%, while the 15-year fixed-rate loan edged up 1 basis point to 6.01%.
Recent volatility has been more pronounced in adjustable-rate products compared to fixed-rate loans. The 5/1 ARM has experienced larger daily swings, reflecting shifting lender expectations and borrower demand. National averages for other loan types ranged from 5.50% for a 5/1 VA refinance to 6.56% for a 30-year fixed refinance.
Refinance rates generally tracked purchase rates but showed slight variations. The 30-year fixed refinance rate stood at 6.56%, 2 basis points below its purchase counterpart. VA loan rates remained competitive, with the 15-year VA refinance rate at 5.82%.