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Mortgage rates Yahoo Finance

Mortgage and refinance interest rates today, Tuesday, August 4, 2026: Rates firm as U.S. pivots to diplomacy with Iran

These are the mortgage and refinance rates today, Tuesday, August 4, 2026. The average 30-year fixed rate is 6.64%, down just 1 basis point since yesterday....

Tim Manni · Yahoo! Finance

According to the Zillow lender marketplace, mortgage rates are mostly higher today, Tuesday, August 4, 2026, compared to the day before, after the U.S. paused airstrikes in Iran and pivoted to diplomacy.

The average 30-year fixed rate is 6.64%, down just 1 basis point since yesterday. The 15-year fixed loan is currently at 6.07%, 6 basis points higher than yesterday. The 5/1 ARM is 6.73%, 8 basis points higher than on Monday.

Read more: Weekly survey of mortgage lenders with the lowest rates: Revealing the wide gaps among rates and fees

Here are the current mortgage rates, according to our latest Zillow data, for Tuesday, August 4, 2026:

  • 30-year fixed: 6.64%

  • 20-year fixed: 6.64%

  • 15-year fixed: 6.07%

  • 5/1 ARM: 6.73%

  • 7/1 ARM: 6.52%

  • 30-year VA: 6.10%

  • 15-year VA: 6.07%

  • 5/1 VA: 6.09%

Remember that these are the national averages and are rounded to the nearest hundredth.

These are the current mortgage refinance rates, according to the latest Zillow data for Tuesday, August 4, 2026:

  • 30-year fixed: 6.72%

  • 20-year fixed: 6.40%

  • 15-year fixed: 6.13%

  • 5/1 ARM: 6.72%

  • 7/1 ARM: 6.56%

  • 30-year VA: 5.94%

  • 15-year VA: 5.61%

  • 5/1 VA: 6.05%

Again, the numbers provided are national averages rounded to the nearest hundredth. Refinance rates are usually higher than purchase rates.

MORE: See our top picks for mortgage lenders right now

A mortgage calculator can help you see how various mortgage term lengths and interest rates will affect your monthly payments. Use this mortgage calculator to explore different outcomes.

Mortgage payment calculator

Down Payment: This is the part of your home's purchase price that you pay upfront, not covered by your loan. The amount you pay as a down payment can influence your mortgage interest rate. Generally, larger down payments result in lower interest rates, as lenders see these as a sign of strong financial commitment.

Loan Term: This refers to the duration over which you will repay your loan, typically measured in years. Opting for a longer loan term can reduce your monthly payments by spreading them out over a greater number of years, whereas shorter loan terms generally lead to higher monthly payments.

Interest Rate: This is the annual cost you incur for borrowing money, expressed as a percentage of the loan amount. It represents the fee you pay each year to the lender for your loan.

Data is provided as-is via the Zillow Mortgage API © Zillow, Inc., 2024. Use is subject to the Zillow Terms of Use.

Interest rate provided via Real Estate on Zillow.

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Mortgage payment breakdown

81% Principal & interest

13% Property tax

6% Homeowners insurance

0% Private mortgage insurance

0% HOA fees

Monthly total

$2,688

$2,184

/month

/month

/month

/month

Rocket Mortgage

Veterans United

New American Funding

You can bookmark the Yahoo Finance mortgage payment calculator and keep it handy for future use, as you shop for homes and lenders. It also considers factors like property taxes and homeowners insurance when calculating your estimated monthly mortgage payment. This gives you a better idea of your total monthly payment than if you just looked at the mortgage principal and interest.

Generally, 15-year mortgage rates are lower than those for 30-year mortgages. When comparing 15- versus 30-year mortgage rates, know that the shorter term will save you money on interest in the long run. However, your monthly payments will be higher because you're paying off the same loan amount in half the time.

For example, with a $400,000 mortgage with a 30-year term and a 6.19% rate, you'll make a monthly payment of about $2,447.28 toward your mortgage principal and interest. As interest accumulates over decades, you'll end up paying $481,021 in interest.

If you get a $400,000 15-year mortgage with a 5.65% rate, for example, you'll pay about $3,300.26 monthly toward your principal and interest. However, you'll only pay $194,047 in interest over the years.

If that 15-year mortgage payment is too high, remember you can always make extra payments on your 30-year loan to pay it off faster and ultimately pay less interest.

With a fixed-rate mortgage, your rate is locked in from day one. However, you will get a new rate if you refinance your mortgage.

An adjustable-rate mortgage keeps your rate the same for a specified period. Then, the rate will increase or decrease depending on several factors, such as the economy, and the maximum amount your rate can change according to your contract. For example, with a 7/1 ARM, your rate would be locked in for the first seven years, then adjust annually for the remainder of your term.

Adjustable rates sometimes start lower than fixed rates, but once the initial rate-lock period ends, you risk your interest rate going up. ARM rates have also been starting higher than fixed rates recently, so you may not always get a rate break.

Learn more: Determine how to choose between an adjustable-rate vs. fixed-rate mortgage

According to the Zillow lender marketplace, the average 30-year fixed rate is 6.64%, down 1 basis point since yesterday.

According to the latest forecasts, the MBA expects the 30-year mortgage rate to be 6.50% through 2026. Fannie Mae predicts a 30-year average rate of 6.4% for the rest of the year.

Mortgage rates are likely to remain little changed in 2027. The MBA forecasts 30-year fixed rates of 6.5% for all of 2027. However, Fannie Mae is slightly more optimistic and predicts average rates to hold near 6.3% for most of 2027.