U.S. mortgage rates hold steady near 6.7%

U.S. mortgage rates remained relatively stable as of late August 2026, with the 30-year fixed rate hovering around 6.7%. While some data indicates a slight weekly decline, rates remain elevated due to high 10-year Treasury yields.

Specific market readings show the 30-year fixed rate at approximately 6.72% according to some lender data, while Freddie Mac reported an average of 6.65%. The 15-year fixed rate is positioned near 6.0%, and the 5/1 ARM is around 6.22%.

Compared to the same period last year, the year-over-year change in the 30-year fixed rate has narrowed significantly, sitting at a marginal 0.07 percentage point difference. Despite this stabilization, the current environment does not yet offer a meaningful breakthrough in affordability for homebuyers.