The 30-year fixed-rate mortgage declined this week averaging 6.65%. With a dip in rates providing modest relief for homebuyers, it’s important to remember borrowers can potentially save thousands by shopping around for the best mortgage rate.

• The 30-year fixed-rate mortgage averaged 6.65% as of August 20, 2026, down from last week when it averaged 6.67%. A year ago at this time, the 30-year FRM averaged 6.58%.
• The 15-year fixed-rate mortgage averaged 5.95%, down from last week when it averaged 5.96%. A year ago at this time, the 15-year FRM averaged 5.69%.

Information provided by Freddie Mac.