Mortgage rates were broadly steady on August 19, 2025, but not every rate was unchanged: The Mortgage Reports described rates as having inched up for a second day, while its partner-network table showed small increases and decreases across loan types. Its figures are historical reference points, not current quotes or offers for an individual borrower.
What mortgage rates were reported on August 19, 2025?
The Mortgage Reports published two different sets of figures that day: a snapshot of rates from its partner network and separate narrative averages. They are distinct series, so they should not be combined as though they came from one survey.
Partner-network purchase rates
The table below reproduces the partner-network purchase-rate examples in The Mortgage Reports’ August 19, 2025 article. “Rate” and “APR” are separate fields. The article cautions that partner-network rates may not reflect the market and that an individual borrower’s rate may differ.
| Loan type | Rate | APR | Reported daily move |
|---|---|---|---|
| Conventional 30-year fixed | 6.718% | 6.78% | Unchanged |
| Conventional 20-year fixed | 6.635% | 6.735% | Up 0.05 percentage points |
| Conventional 15-year fixed | 6.097% | 6.193% | Up 0.01 percentage points |
| Conventional 10-year fixed | 6.159% | 6.252% | Down 0.01 percentage points |
| 30-year FHA | 6.376% | 6.424% | Up 0.05 percentage points |
| 30-year VA | 6.404% | 6.453% | Up 0.06 percentage points |
| Conventional 5/1 ARM | 6.333% | 6.223% | Up 0.03 percentage points |
These are the figures and changes shown in The Mortgage Reports’ August 19, 2025 rate report. A change expressed in percentage points is the difference between two rates, not a percentage change.
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Separate narrative averages
The same article separately reported an average 30-year fixed rate of 6.64%, a 15-year fixed rate of 5.84%, and a 5/1 ARM rate of 5.93% at publication time. Those narrative figures are not the partner-network table entries above.
How did the figures compare with Freddie Mac’s weekly averages?
Freddie Mac’s Primary Mortgage Market Survey (PMMS) is another series: a weekly average based on mortgage application data, not a personalized borrower quote. Its August 14, 2025 averages were 6.58% for a 30-year fixed mortgage and 5.71% for a 15-year fixed mortgage. The prior week, published August 7, the corresponding averages were 6.63% and 5.75%.
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| Freddie Mac PMMS publication date | 30-year fixed average | 15-year fixed average |
|---|---|---|
| August 14, 2025 | 6.58% | 5.71% |
| August 7, 2025 | 6.63% | 5.75% |
Freddie Mac’s 2025 archive records the historical averages. Its PMMS methodology description says weekly results reflect rates offered over the Thursday-through-Wednesday application period. The weekly timing and underlying data differ from a daily article and its partner-network table.
What did the article say was moving rates?
The dated report said the 10-year Treasury yield had fallen from 4.332% to 4.313%, a move it characterized as favorable for mortgage rates. It also described major stock indexes as mostly higher, which it viewed as potentially unfavorable, while noting that the relationship between those markets and mortgage rates is imperfect. These are observations attributed to the August 19 article, not a current market update.
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Random freezes, missing sound and display glitches usually trace back to one bad driver. Find and replace yours safely.Free scan · under a minuteFor longer-term context, The Mortgage Reports quoted Freddie Mac’s January 24 Mortgage Market Outlook: “our outlook for the U.S. economy in 2025 is positive, though we expect the pace of growth to moderate.” The quote is reproduced as attributed by that article.
What forecasts did the August 2025 report include?
The report’s forecast table gave the following projections for the 30-year fixed rate. Fannie Mae’s forecast was identified as updated July 11, 2025, and the Mortgage Bankers Association (MBA) forecast as updated July 17, 2025.
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| Forecaster, as reported August 19, 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 |
|---|---|---|---|---|
| Fannie Mae (July 11 update) | 6.5% | 6.4% | 6.2% | 6.1% |
| MBA (July 17 update) | 6.8% | 6.7% | 6.6% | 6.6% |
These were forecasts available to The Mortgage Reports’ August 19, 2025 article at the time, not realized rates or current guidance. The figures should be read as historical expectations, not a promise about where rates would go.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How should a borrower use these historical rates?
Use the August 19 figures to understand what was reported on that date, not to estimate what a lender will offer now. A lender prices a specific application using the borrower’s circumstances and loan details; these historical figures do not establish current offers, eligibility, geographic pricing, points, fees, or a final APR for any reader.
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Compare equivalent loan offers
- Request current quotes from more than one lender, such as banks, credit unions, and online mortgage providers.
- Keep loan assumptions consistent—loan type, term, amount, down payment, occupancy, and rate-lock period—so the offers are comparable.
- Compare both the interest rate and APR, along with lender fees and any points. APR includes certain costs and can help compare offers, but it does not replace checking the fee details and loan terms.
Compare fixed terms by payment and time in the loan
A 30-year fixed mortgage spreads principal repayment over a longer term, generally reducing the scheduled principal-and-interest payment compared with a shorter term on the same balance and rate. A 15-year fixed loan generally has higher payments but less time for interest to accumulate. The better fit depends on affordability and how long the borrower expects to keep the loan; compare total costs over that expected period rather than choosing by rate alone.
Understand the ARM adjustment risk
A 5/1 adjustable-rate mortgage (ARM) typically has an initial fixed-rate period before adjustments begin; the initial rate does not guarantee the rate for the full loan term. Review the specific loan’s first adjustment date, adjustment frequency, index and margin, rate caps, and payment scenarios after adjustments. The August 19 table’s ARM figure is a dated example, not evidence that an ARM will remain cheaper than a fixed loan.
What counts as a good mortgage rate?
There is no single rate that is “good” for every borrower. A useful comparison is a current quote for the same loan type and term, with similar borrower and property details, points, fees, and lock period. Historical national averages—including the August 2025 figures here—provide context, but do not determine whether a particular offer is competitive.
How is a mortgage rate determined?
A mortgage rate reflects broader market conditions as well as loan and borrower details. Lenders price loans differently, and the rate offered to one applicant may differ from a published average. A rate quote should therefore be evaluated with its APR, fees, points, loan assumptions, and lock terms.
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