Today's Best Mortgage Rates: 8/21/2025
By Federal Housing Finance Division | 5 min read
Current mortgage rates, refinancing opportunities, and home buying tips. Updated daily for best deals.
**8/21/2025 Mortgage Rate Update** Today's mortgage rates and home buying opportunities: **Current Rates:** • 30-year fixed: 6.75% (down 0.1% this week) • 15-year fixed: 6.25% • ARM 5/1: 5.85% **Refinancing Alert:** If your current rate is above 7.25%, you could save money by refinancing now. **Today's Home Buying Tips:** • Get pre-approved before house hunting • Compare at least 3 lenders for best rates • Consider points to lower your rate **Market Outlook:** Rates expected to fluctuate based on Federal Reserve decisions. Use our mortgage calculator to see your potential savings with today's rates.