Mortgage Rates Lower: 30-Year Fixed at 6.65% on August 2, 2026

As of August 2, 2026, mortgage rates have decreased slightly. The 30-year fixed mortgage rate is now 6.65%, down by 10 basis points, and the 15-year fixed rate is at 6.01%, down by 3 basis points. Conversely, the 5/1 ARM increased by 1 basis point to 6.65%. This slight reduction in rates may influence home buying and refinancing decisions in the market. Lower mortgage rates can lead to reduced monthly payments, making home purchases more accessible for ordinary investors.