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August
7
7
Lending Rates
Today, August 7, 2025, the average 30-year fixed mortgage rate is around 6.66%. Refinancing options, like a 30-year fixed refinance, are currently averaging about 6.84%. The 15-year fixed refinance rate is slightly lower, around 6.11%.
Here's a more detailed breakdown:
- 30-Year Fixed Mortgage: Rates are around 6.66%
- 30-Year Fixed Refinance: Rates are around 6.84%
- 15-Year Fixed Refinance: Rates are around 6.11%
- VA Loans: 30-year VA loans are averaging around 6.87%, and the 30-year VA refinance rate is around 7.80%, according to Bankrate
- Other Options: You can also find rates for 15-year fixed, 5/1 ARMs, and other loan types
Factors to Consider:
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Points:You can potentially lower your interest rate by paying points (prepaid interest) upfront
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APR:The annual percentage rate (APR) reflects the total cost of your loan, including fees
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Lender Variation:Rates can vary between lenders, so it's wise to shop around and compare offers.
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Market Fluctuations:Mortgage rates can change daily, so it's a good idea to check with your lender for the most up-to-date information.