Mortgage Market Today
Mortgage Market Today
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30-year fixed mortgage rates have fallen to between 6.45% and 6.60%, signaling a continued easing in borrowing costs.
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15-year fixed rates average around 5.81%, offering a lower-rate alternative.
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A 5/1 ARM sits near 6.5%, helping diversify lower-cost options for borrowers.
Why Rates Are Falling Today
Multiple credible sources report a downward trend in mortgage rates:
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Zillow notes a slight dip in the 30-year fixed rate to 6.45%.
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Forbes echoes with 6.45%, marking a weekly decline of about 1.75%.
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Fortune provides a mid-range estimate of 6.543%.
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Bankrate alerts that fixed and ARM rates continue to slip.
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Norada Real Estate attributes the drop to inflation data coming in below expectations, affecting fixed, ARM, and refinance rates alike.
See our full mortgage rate guide → RATES
Broader Implications
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Refinancing triggers: Neighbors Bank finds that most 2025 homebuyers need a 0.75-point rate drop to recoup refinance costs within three years.
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Economic and political risks: President Trump’s effort to fire Fed Governor Lisa Cook—amid mortgage fraud allegations—raises concerns about central bank independence. Experts warn that politicizing the Fed could destabilize markets and undermine long-term borrowing costs.
Explore our refinancing options → REFINANCE
What This Means for Borrowers Today
Goal What Borrowers Should Know
Buying a Home Falling rates (6.45%–6.60%) may warrant locking in now before volatility returns.
Refinancing Only consider if you can swing a ~0.75% drop; otherwise, the savings won’t justify the cost.
Watching Markets Ongoing political drama around Fed independence could shake Treasury yields—and mortgage rates in turn.
Final Thoughts on Mortgage Market Today
Today’s mortgage landscape on August 27, 2025 offers a rare combination of lower rates and heightened uncertainty. If you’re looking to buy, now could be an opportune moment to lock in. But, if you’re considering refinancing, double-check that the savings outweigh fees—especially if your current rate is near the mid-6% range.
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