Mortgage and refinance interest rates today, August 16, 2025: Fixed rates inch up

Current Mortgage Rates: The 30-year fixed mortgage rate is currently at 6.52%, while the 15-year fixed rate is at 5.70%. Predictions suggest a potential decrease in rates before the Federal Reserve meeting in September.

Buying and Refinancing Insights: It's a relatively good time to buy a house compared to previous years, but mortgage rates remain high. Homebuyers should consider their personal circumstances rather than trying to time the market, and refinancing may be beneficial if interest rates drop.