Egyptian pound and Arab currency rates steady against riyal on Tuesday

Mortgage and refinance rates experienced mixed changes on Tuesday, August 25, 2026, according to Zillow's lender marketplace. The average 30-year fixed rate dropped to 6.63%, 1 basis point lower than the previous day. Conversely, the 15-year fixed loan rate rose to 5.95%, 7 basis points higher than yesterday. The 5/1 ARM rate decreased to 6.62%, 12 basis points below Monday's rate.

These are the national averages, rounded to the nearest hundredth. Refinance rates tend to be higher than purchase rates. A mortgage calculator can assist in estimating monthly payments based on different mortgage term lengths and interest rates, including property taxes and homeowners insurance. The 15-year mortgage generally offers lower rates but higher monthly payments compared to the 30-year mortgage.

Mortgage rates are expected to remain steady in 2027, with the Mortgage Bankers Association forecasting 30-year fixed rates at 6.70% and Fannie Mae predicting rates between 6.70% and 6.80%. Refinancing your mortgage may be a good idea, as rates are down more than half a point since the end of May, leading to a 62% increase in refinance applications year over year.