Current mortgage rates are down and lower than they were seven days ago. Rates are lower than they were in early 2025, when the average 30-year fixed-rate mortgage reached above 7%. But rates are still relatively high as fears around stubborn inflation have kept the Federal Reserve from lowering its benchmark rate so far this year.

Today, the mortgage interest rate on a 30-year fixed mortgage is 6.61%, according to the Mortgage Research Center. On a 15-year fixed mortgage, the average rate is 5.61%, and the average rate on a 30-year jumbo mortgage is 6.

Mortgage refinance rates edged down again today, giving some relief to homeowners looking to lock in better terms. According to data, 30-year refinance rates fell to 6.6%, continuing a downward trend for August. Here’s a breakdown of today’s average rates by loan type: