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Repair Windows errors before they cause bigger problemsFix Now →Scan for outdated or missing drivers - takes under a minuteDriver Scan →Clear out junk files and repair common Windows errorsFree Scan →On August 12, 2025, The Mortgage Reports’ daily table listed the conventional 30-year fixed mortgage rate at 7.168% and the 15-year fixed rate at 6.551%. The 30-year figure was unchanged from the prior day; the 15-year figure was up 0.01 percentage point. These are publication-specific sample averages, not official Freddie Mac readings or personalized lender offers.
Mortgage rates reported for August 12
The Mortgage Reports says its daily rates reflect selected borrower criteria and a network of mortgage lenders. Its table separates the interest rate from the annual percentage rate (APR), which incorporates certain loan costs. The figures reported for August 12 were:
| Loan type | Rate | APR | Reported daily change |
|---|---|---|---|
| 30-year conventional fixed | 7.168% | 7.235% | Unchanged |
| 15-year conventional fixed | 6.551% | 6.666% | Up 0.01 percentage point |
These rates and changes are The Mortgage Reports’ daily table values for August 12, 2025; they are not a quote available to every borrower. The Mortgage Reports’ rate report also gives prose averages of 6.71% for a 30-year fixed mortgage and 5.87% for a 15-year fixed mortgage, describing them as rates at the time of publication. Those prose figures differ from the table rates, and the article does not explain the discrepancy. They should be treated as separately reported figures, not combined or substituted for one another.
How the numbers compare with Freddie Mac’s weekly survey
Freddie Mac publishes a weekly Primary Mortgage Market Survey, which uses a different schedule and survey method from The Mortgage Reports’ daily table. Its observations closest to August 12 were:
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| Freddie Mac survey date | 30-year fixed average | 15-year fixed average |
|---|---|---|
| August 7, 2025 | 6.63% | 5.75% |
| August 14, 2025 | 6.58% | 5.71% |
These are Freddie Mac weekly survey averages, not daily rates for August 12. They provide nearby context but are not directly interchangeable with another publisher’s daily sample. Freddie Mac’s PMMS archive lists the dated observations.
What the August 12 rate report can—and cannot—tell you
Is this a good mortgage rate?
A market average cannot establish whether a rate is good for your situation. The actual offer depends on borrower and loan details, and the available figures do not show the fees, points, down payment, credit profile, or other assumptions needed to assess a particular quote. Compare offers for the same loan term and comparable assumptions, including both rate and APR.
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- FIGURE OUT THE RIGHT LOAN: At the press of a button for jumbo, conventional, FHA/VA, or even 80:10:10 or 80:15:5 combo loans; check to see if ARMs or bi-weekly loans, quarterly payments or if interest-only payments are the answer; giving your client more choices; easily perform what if loan or tvm calculations Find loan amount, term, interest or PITI or PI payments
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How is your mortgage rate determined?
The figures here are sample averages based on selected borrower criteria and a lender network. Your lender’s quote may differ because it is based on your application and loan details. Ask each lender to state the rate, APR, fees, points, and assumptions behind its offer so that you are comparing like with like.
How can you look for a competitive rate?
Request comparable quotes from banks, credit unions, and online mortgage providers. Shopping gives you offers to compare; it does not guarantee a particular rate or amount of savings. Keep the loan term and other quote assumptions consistent when reviewing alternatives.
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- INSTANT FINANCIAL PROBLEM SOLVING: Solve the financial questions your clients have whether they are buyers, investors or renters; increase your perceived professionalism and close more home sales by quickly answering real estate finance problems including remaining balances
- RESIDENTIAL REAL ESTATE FINANCE TERMS: Keys labeled in residential real estate finance terms like Loan AMT, Int, Term, PMT; Calculator is super easy to use to determine a mortgage loan that works for your client
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- COMES COMPLETE: Comes with a protective slide cover, quick reference guide, pocket user's guide, two long-life batteries, and 1-year warranty
Should you lock a rate?
The published averages do not determine whether or when an individual borrower should lock. The August 12 table describes market samples, not your lender’s offer or the terms of a rate lock. Ask your lender about the offered rate, lock period, any fee, and what happens if closing is delayed before deciding.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What Fannie Mae forecast at the time
Fannie Mae’s Housing Forecast dated August 11, 2025 projected quarterly average 30-year mortgage rates of 6.8% for 2025 Q3 and 6.7% for 2025 Q4. Fannie Mae said its interest-rate forecasts were based on rates as of July 31, 2025, so these figures are a forecast with that cutoff—not an August 12 rate reading or a guarantee of future rates. Fannie Mae Economic & Strategic Research’s forecast contains the projection.
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- SPEAKS YOUR LANGUAGE: Keys clearly labeled in residential mortgage finance terms like Loan Amt, Int, Term, Pmt; this industry-standard calculator is super easy to use on all realty financing matters from finding a loan that works for your client to considering trust deeds investments, or finding remaining balances or balloon payments and more
- CONFIDENTLY AND EASILY SOLVE: Clients' financial questions whether they're buyers, sellers, investors or renters. Increase your perceived professionalism as a new agent, experienced broker or seasoned loan officer. Close more home sales and impress your clients with fast, accurate answers to all their real estate finance questions from PITI Payments to IRR, NPV and Cashflows
- DEDICATED BUYER QUALIFYING KEYS: Enter client's income, debt and expenses to pre-qualify them to only show properties they can afford. Include tax, insurance and mortgage insurance then compare loan options and payment solutions to give your client choices before they make an offer to buy
- FIGURE OUT THE RIGHT LOAN: For your client at the press of a button for jumbo, conventional, FHA/VA, or even 80:10:10 or 80:15:5 combo loans; check to see if ARMs or bi-weekly loans, quarterly payments or if interest-only payments are the answer; giving your client more choices; easily perform what if loan or TVM calculations find loan amount, term, interest or PITI or PI payments
- BECOME AN INVALUABLE RESOURCE: To your clients by reducing their confusion and uncertainty; ensuring they are able to make a purchase offer; knowing they can afford the down payment; and determining which is the right loan for them. Date-math for listings and contracts too. Comes with a protective slide cover, quick reference guide, pocket user's guide, and long-life battery
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