Today’s Mortgage Rates – August 11, 2025: 30-Year FRM Rises Marginally by 6 Basis Points

Today, mortgage rates have shown a mixed trend with purchase rates rising slightly while refinance rates remain mostly stable. The average 30-year fixed mortgage rate increased to 6.74%, up 3 basis points from the previous day and 6 basis points from last week, indicating a slow upward movement. On the other hand, the 30-year fixed refinance rate held steady at 6.99%, reflecting stability in refinancing costs. These changes are part of broader economic factors, including upcoming Federal Reserve decisions and forecasts for the housing market in the months ahead.

Today's Mortgage Rates – August 11, 2025: 30-Year FRM Rises Marginally by 6 Basis Points

Key Takeaways

• The national average 30-year fixed mortgage rate rose to 6.74%, up 0.06% from last week.
• 15-year fixed mortgage rates declined slightly to 5.77%.
• 5-year ARM mortgage rates increased to 7.40%.
• The 30-year fixed refinance rate remained stable at 6.99%, up 0.04% over the past week.
• The Federal Reserve's rate decisions and economic data are critical factors in future mortgage rate movements.
• Mortgage rates are expected to remain above 6% for the foreseeable future, with potential easing later in 2025 or early 2026.

Current Mortgage Rates Overview – August 11, 2025

Mortgage rates today show a small uptick for most fixed-rate loans across the board, with some variety depending on the loan type and term length. Here’s a detailed breakdown from Zillow’s latest data:

Loan Program	Rate	Week Change	APR	APR Week Change
30-Year Fixed	6.74%	+0.06%	7.04%	-0.10%
20-Year Fixed	6.44%	-0.03%	6.93%	+0.06%
15-Year Fixed	5.77%	+0.02%	5.96%	-0.09%
10-Year Fixed	5.48%	No change	5.84%	No change
7-Year ARM	7.08%	No change	7.59%	No change
5-Year ARM	7.40%	+0.18%	7.71%	-0.07%

For government-backed loans:

Loan Program	Rate	Week Change	APR	APR Week Change
30-Year Fixed FHA	6.36%	-0.01%	7.38%	-0.01%
30-Year Fixed VA	6.20%	+0.05%	6.40%	+0.05%
15-Year Fixed FHA	5.57%	+0.06%	6.54%	+0.06%
15-Year Fixed VA	5.80%	+0.04%	6.13%	+0.03%

What Do These Numbers Mean for Homebuyers?

For someone looking to buy a home today, the 30-year fixed-rate mortgage at 6.74% means slightly higher monthly payments than a week ago, but still quite stable compared to rapid fluctuations earlier in 2025. To put this into perspective, consider a loan amount of $300,000:

• At a 6.74% rate for 30 years, the principal and interest payment would be approximately $1,943 per month.
• A month ago, at 6.68%, the payment was about $1,935, showing a small but noticeable increase.

This slight rise might not seem large monthly but can add up over time, particularly with rates trending just above 6.5% nationally. The smaller decline in 15-year fixed rates to 5.77% could be attractive to buyers looking to pay off mortgages faster and pay less interest overall.

Refinance Rates Today – Mostly Stable

Refinancing landscape as of August 11, 2025, shows relative stability with the 30-year fixed refinance rate holding steady at 6.99%, up just 4 basis points from last week.

Loan Program	Rate	Week Change	APR	APR Week Change
30-Year Fixed Refi	6.99%	+0.04%	N/A	N/A
15-Year Fixed Refi	5.81%	No change	N/A	N/A
5-Year ARM Refi	7.75%	No change	N/A	N/A

Refinancers are likely watching the Federal Reserve closely, as upcoming rate cuts could make refinancing an attractive option later this year.

Understanding the Federal Reserve's Impact on Mortgage Rates

The Federal Reserve’s monetary policy plays a huge role in mortgage rates. In 2025, the Fed has maintained current federal funds rates, holding steady through July after three rate cuts in late 2024. Inflation remains well above the target, and economic growth is slowing, with GDP annualized growth around 1.2% in the first half of the year.

• The CME FedWatch tool shows an 89% chance of a rate cut at the September Fed meeting.
• Market experts expect mortgage rates to stay above 6% through 2025, potentially declining closer to 6% in late 2025 or early 2026 if rate cuts happen.
• However, inflation risks and economic uncertainties mean that rates could remain elevated for some time.

Mortgage Rate Forecast for the Rest of 2025 and Beyond

Several organizations have offered their forecasts:

Organization	Forecast for 30-Year Fixed Rate
National Association of REALTORS®	Average 6.4% in H2 2025, dipping to 6.1% in 2026
Realtor.com	Rates easing slowly to about 6.4% by year-end 2025
Fannie Mae	End of 2025 at 6.5%, dipping to 6.1% in 2026
Mortgage Bankers Association	6.8% through September 2025, 6.7% year-end 2025

These forecasts highlight gradual relief for borrowers but confirm that mortgage rates will remain historically high compared to the low-rate environment of recent years.

Mortgage Rate Types Explained: Fixed vs Adjustable

Understanding mortgage rate types helps buyers and refinancers make better choices:

• Fixed-rate mortgages (30, 20, 15 years) offer predictable payments over the loan term. The 30-year fixed rate is the most common and currently averages 6.74%.
• Adjustable-rate mortgages (ARMs) start with a lower rate that can increase over time. The 5-year ARM averaged 7.40% today, an increase from last week.
• ARMs can be good for buyers planning to sell or refinance before the adjustable period begins.
• Government loans like FHA and VA offer competitive fixed rates but can come with mortgage insurance or specific eligibility.

What Borrowers Should Watch Moving Forward

The mortgage market is finely tuned to economic developments, especially around inflation, employment data, and Federal Reserve policy decisions. As of August 2025:

• The upcoming Fed meeting in mid-September is critical; markets are pricing in potential rate cuts.
• Economic uncertainty and inflation persistence may keep mortgage rates elevated.
• Buyers should expect mortgage rates above 6% for the foreseeable future but watch for potential drops late 2025 or early 2026.
• Refinancers with very high current rates (>7%) may benefit most from future rate reductions.

Summary Table: Mortgage Rates and Trends (Aug 2025)

Loan Type	Current Rate	Change From Last Week	Trend
30-Year Fixed	6.74%	+0.06%	Slight rise
15-Year Fixed	5.77%	-0.03%	Slight drop
5-Year ARM	7.40%	+0.07%	Increase
30-Year Fixed Refi	6.99%	+0.04%	Stable