The mortgage rates for today, Wednesday, August 19, 2026, have shown some movement. While the 30-year fixed mortgage rate has slightly increased to 6.55%, both the 15-year fixed rate and the 5/1 ARM rate have decreased. The 15-year fixed rate now stands at 5.87%, seven basis points lower than yesterday, while the 5/1 ARM rate is at 6.31%, eight basis points lower than the previous day.
This week has seen surprising stability in mortgage rates despite recent fluctuations in the bond market. The Zillow lender marketplace has provided these average rates, which are subject to change based on various factors.
Here are the current mortgage rates for Wednesday, August 19, 2026, according to Zillow:
– 30-year fixed: 6.55%
– 20-year fixed: 6.40%
– 15-year fixed: 5.87%
– 5/1 ARM: 6.31%
– 7/1 ARM: 6.30%
– 30-year VA: 6.01%
– 15-year VA: 5.60%
– 5/1 VA: 5.82%
These rates are national averages and are rounded to the nearest hundredth, providing a general overview of the current mortgage landscape.
When it comes to mortgage refinance rates, the numbers are slightly different. Here are the current refinance rates for Wednesday, August 19, 2026:
– 30-year fixed: 6.58%
– 20-year fixed: 6.33%
– 15-year fixed: 5.96%
– 5/1 ARM: 6.49%
– 7/1 ARM: 6.43%
– 30-year VA: 6.11%
– 15-year VA: 5.76%
– 5/1 VA: 5.89%
Again, these rates are national averages and are rounded to the nearest hundredth. Refinance rates may differ from purchase rates, so it’s essential to compare and explore options before making a decision.
Mortgage rates can have a significant impact on your financial situation, so it’s crucial to understand the different types of mortgages available. The 30-year fixed mortgage offers lower monthly payments and predictability, while the 15-year fixed mortgage comes with lower interest rates and a faster payoff timeline. Adjustable-rate mortgages (ARMs) provide an initial lower rate but carry the risk of rate increases in the future.
For those looking to refinance, improving credit scores, reducing debt-to-income ratios, and considering shorter loan terms can help secure lower rates. It’s essential to weigh the pros and cons of each mortgage option before making a decision that aligns with your financial goals.
