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Mortgage Research reported an average 30-year fixed purchase rate of 6.52% (6.55% APR) and a 15-year fixed purchase rate of 5.48% (5.53% APR) on August 4, 2025. Its average 30-year fixed refinance rate was 6.58% (6.61% APR). These are the publisher’s dated daily averages, not guaranteed offers for individual borrowers.
Mortgage rates reported on August 4, 2025
The table shows Mortgage Research’s daily averages for that date. Rate and APR are distinct: the rate is the loan’s interest rate, while APR expresses borrowing costs more broadly. The report does not provide a uniform fee schedule or personalized borrower assumptions, so the figures are reference points rather than directly comparable loan offers.
Purchase loans
| Loan type | Rate | APR | Daily change |
|---|---|---|---|
| 30-year fixed | 6.52% | 6.55% | -0.10 percentage point |
| 15-year fixed | 5.48% | 5.53% | -0.13 percentage point |
| 30-year fixed FHA | 5.80% | 7.01% | -0.14 percentage point |
| 30-year fixed VA | 5.89% | 6.04% | -0.12 percentage point |
| 30-year fixed USDA | 5.79% | 5.93% | -0.20 percentage point |
| 30-year fixed jumbo | 6.84% | 6.86% | -0.08 percentage point |
| 5/6-year ARM | 6.51% | 6.54% | -0.20 percentage point |
Source: Mortgage Research’s August 4, 2025 daily-rate report. Daily changes are percentage-point changes reported by the publisher.
Refinance loans
| Loan type | Rate | APR | Daily change |
|---|---|---|---|
| 30-year fixed | 6.58% | 6.61% | -0.11 percentage point |
| 15-year fixed | 5.48% | 5.53% | -0.13 percentage point |
| 30-year fixed FHA | 5.78% | 6.99% | -0.13 percentage point |
| 30-year fixed VA | 5.94% | 6.08% | -0.12 percentage point |
| 5/6-year ARM | 6.53% | 6.56% | -0.24 percentage point |
Source: Mortgage Research’s August 4, 2025 daily-rate report. The purchase and refinance series are separate; the 6.58% refinance average should not be substituted for the 6.52% purchase average.
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- Loan Amortization and Remaining Balances
- Instant Principal, Interest, Interest Only and Total Payments
- Future Values
- Date math function
Why rates were falling, and what could push them back up
Mortgage Research’s August 4 article said rates had fallen the previous Friday after the July jobs report came in weaker than expected and revisions to earlier months pointed to a softer labor market. It also said tariff announcements had lifted bond yields on Thursday evening amid inflation concerns, potentially limiting further declines. That is the article’s contemporaneous explanation of market movement, not proof that any one release caused a specific change in mortgage rates. Read Mortgage Research’s market context.
Why another rate survey may show a different number
Freddie Mac’s August 7, 2025 Primary Mortgage Market Survey reported a 30-year fixed average of 6.63%, down from 6.72% the prior week, and a 15-year fixed average of 5.75%, down from 5.85%. Those are later weekly figures, not August 4 daily rates. Freddie Mac’s survey focuses on conventional, conforming, fully amortizing home-purchase loans for borrowers with 20% down and excellent credit. See Freddie Mac’s August 7 survey and its explanation of the survey.
Rank #2
- 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 much more
- CONFIDENTLY AND EASILY SOLVES: All your clients' financial questions whether they are 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
- 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: 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: Reduce your clients' 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 batteries
There is no single official mortgage rate that applies to every borrower. Mortgage News Daily’s August 28, 2025 methodology commentary describes market rates as estimates of what borrowers may be able to lock or close with particular lenders; surveys and aggregations use different approaches. It characterizes Freddie Mac’s survey as averaging five days and its own index as daily data from multiple lenders. These differences in timing, loan scope, borrower profile, and methodology help explain why published rates do not always match.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How to use these averages when comparing offers
A national or publisher average cannot establish the rate you qualify for. The rates available to you depend on the loan and your circumstances, and the August 4 report does not supply a common set of fees or borrower details for all categories.
Rank #3
- DEDICATED FUNCTION KEYS for Quick Financial Solutions: Clearly labeled function keys enable you to quickly and confidently provide financial answers and options for your clients, whether in the office, in the car or at an open house. Compare loan options and provide payment solutions to give your client choices
- 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
- VERSATILE LOAN CALCULATION OPTIONS: Calculate 80:10:10 or 80:15:5 combo loans at the press of a button; check to see if ARMs or bi-weekly loans, quarterly payments or if interest-only payments are the answer; giving your client more choices
- COMES COMPLETE: Comes with a protective slide cover, quick reference guide, pocket user's guide, two long-life batteries, and 1-year warranty
- Compare the same purpose: purchase offers against purchase offers, and refinance offers against refinance offers.
- Match the term and structure, including 15-year versus 30-year fixed loans and fixed-rate loans versus adjustable-rate mortgages.
- Compare programs only when you qualify for them; FHA, VA, USDA, conventional, and jumbo loans have different eligibility and loan rules.
- Review both the note rate and APR, along with lender fees and points. A lower listed rate alone does not establish the less expensive offer.
- Request personalized quotes from several lenders on comparable terms. Freddie Mac Chief Economist Sam Khater said on August 7 that buyers can save thousands by getting quotes from a few different lenders. Freddie Mac’s release.
The August 4 figures are historical. Mortgage pricing changes, so anyone shopping now should check current lender quotes rather than treat this snapshot as today’s market.
Quick Recap
Best Value
- Extra large 12-digit angled display.
- Loan Wizard.
- Automatic Tax Keys.
- Selectable decimal setting.
- Input any three loan variables to compute the fourth.
Rank #4
- 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
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
