Average 30-year fixed mortgage rates dip 1 basis point to 6.64% as geopolitical tensions ease with Iran.
Mortgage rates showed minimal movement on August 4, 2026, following the U.S. decision to pause airstrikes in Iran and pursue diplomatic efforts. The average 30-year fixed rate edged down 1 basis point to 6.64%, while the 15-year fixed rate rose 6 basis points to 6.07%. Adjustable-rate mortgages also saw slight increases, with the 5/1 ARM up 8 basis points to 6.73%.
Rates remain near multi-month averages, reflecting broader market stability despite geopolitical developments. Refinance rates continued to track slightly higher than purchase rates, with the 30-year fixed refinance rate at 6.72%. VA loan rates remained competitive, with the 30-year VA rate at 6.10%.
The modest rate adjustments suggest limited immediate market reaction to the diplomatic pivot, with lenders maintaining cautious pricing amid ongoing economic uncertainty.