mortgage rates are falling ahead of Fed Chair Kevin Warsh’s first official speech at the Jackson Hole summit later today.
According to the Zillow lender marketplace, mortgage rates are falling ahead of Fed Chair Kevin Warsh’s first official speech at the Jackson Hole summit later today. The average 30-year fixed rate today, Friday, August 28, 2026, is 6.54%, down 3 basis points since yesterday.
The 15-year fixed loan is currently at 5.86%, 11 basis points lower than yesterday. The 5/1 ARM is 6.31%, 4 basis points lower than on Thursday. Weekly survey of mortgage lenders with the lowest rates: Holding firm in the mid-6s Current mortgage rates Here are the current purchase rates, according to the latest Zillow data, for Friday, August 28, 2026: – 30-year fixed: 6.54% – 20-year fixed: 6.36% – 15-year fixed: 5.86% – 5/1 ARM: 6.31% – 7/1 ARM: 6.25% – 30-year VA: 6.11% – 15-year VA: 5.64% – 5/1 VA: 5.88% Remember, these are national averages and have been rounded to the nearest hundredth.
Current mortgage refinance rates These are the latest refinance rates, according to the latest Zillow data, for Friday, August 28, 2026: – 30-year fixed: 6.54% – 20-year fixed: 6.36% – 15-year fixed: 5.97% – 5/1 ARM: 6.21% – 7/1 ARM: 6.29% – 30-year VA: 6.04% – 15-year VA: 5.69% – 5/1 VA: 5.74% Again, the numbers provided are national averages rounded to the nearest hundredth. Mortgage refinance rates are often higher than rates when you buy a house, although that’s not always the case. Learn more: Dig deeper into the 7 home refinance options Free mortgage calculator Your mortgage rate plays a large role in how much your monthly payment will be.