Mortgage rates fell, with 15-year fixed rate down 15 basis points
The current 30-year fixed rate rose by 3 basis points to 6.54%, while the 15-year fixed rate fell by 15 basis points to 5.86%.
The 5/1 ARM fell by 13 basis points to 6.24%.
Mortgage refinance rates are often higher than rates when buying a house, with the 30-year fixed refinance rate at 6.59% on August 16, 2026.