Introduction
August 2, 2025, brings a fresh breeze to the mortgage market, offering a moment of calm amid the usual rate swings. If you’ve been watching rates nervously or waiting for that perfect time to buy or refinance, today’s update might just brighten your outlook. While some adjustable-rate loans at Credit Unions like Affinity Plus hold steady at 5.5% for a 7/6m ARM purchase, Zillow shows slight easing on jumbo fixed rates, with the 15-year fixed jumbo dipping to 6.41%. Even broader national data from FRED hints at small but meaningful declines in average rates over the past week—like the 30-year fixed jumbo average easing to 6.888%. Inflation expectations are also cooling a bit, making borrowing costs potentially less volatile moving forward. Here’s what you need to know before locking in a rate—because even a fraction of a percentage point can mean hundreds saved each month or thousands over the life of your loan.
New Purchase - Adjustable
Lender
Term
2025-08-02
(Current Day)
(Current Day)
2025-07-26
(7 Days Ago)
(7 Days Ago)
2025-07-18
(15 Days Ago)
(15 Days Ago)
2025-07-03
(30 Days Ago)
(30 Days Ago)
2025-06-18
(45 Days Ago)
(45 Days Ago)
2025-06-03
(60 Days Ago)
(60 Days Ago)
2025-05-04
(90 Days Ago)
(90 Days Ago)
5 yrs
7 yrs
5.25%
5.50%
5.25%
5.50%
5.25%
5.50%
5.25%
5.50%
5.38% +12.5 bps
5.63%
5.50% +25 bps
5.75% +12.5 bps
5.38% +12.5 bps
5.63%
5 yrs
4.88%
N/A
4.88%
N/A
N/A
N/A
N/A
30 yrs
5.13%
5.50%
6.25%
5.13%
N/A
N/A
N/A
N/A
N/A
0 yrs
5 yrs
30 yrs
5.25%
5.50%
5.25%
5.50%
5.38%
5.63% +12.5 bps
5.25%
5.50%
5.38% +12.5 bps
5.63% +12.5 bps
N/A
5.50% +25 bps
5.75% +25 bps
10 yrs
15 yrs
20 yrs
30 yrs
5.00%
5.00%
5.25%
5.50%
5.75%
6.00%
N/A
5.00%
5.00%
5.25%
5.50%
5.75%
6.00%
N/A
N/A
N/A
N/A
5 yrs
5.5 yrs
6.5 yrs
30 yrs
5.13%
5.38%
5.63%
5.13%
5.38%
5.63%
5.25%
5.50%
5.75% +12.5 bps
N/A
N/A
N/A
N/A
5 yrs
6 yrs
7 yrs
10 yrs
15 yrs
5.75%
5.75%
5.88%
6.00%
5.75%
5.75%
5.88%
6.00%
5.75%
5.75%
5.88%
6.00%
N/A
5.88% +12.5 bps
5.88%
6.00%
6.13% +12.5 bps
N/A
6.13%
6.38%
Affinity Plus
On August 2, 2025, the 7/6m ARM Adjustable-Rate Conventional Purchase mortgage holds steady at 5.5%, unchanged over the past week and month. This stability in yield spreads indicates no additional cost of borrowing for members opting for adjustable-rate products. For prospective homebuyers considering flexibility in interest adjustments, this consistency supports predictable initial payments without immediate rate risk. However, borrowers should remain vigilant about potential future rate resets after the fixed period. Given the current environment, members may benefit from evaluating their long-term mortgage strategy—consider fixed-rate options if payment stability is a priority or monitor ARM terms closely to manage refinancing opportunities effectively.
Eastrise
On August 2, 2025, the 7-year adjustable rate mortgage (ARM) for purchase stands at a notable 6.25%, reflecting a significant increase of 112.5 basis points compared to one week ago. This sharp rise in yield spreads translates into higher borrowing costs for prospective buyers opting for this adjustable-rate product. First-time homebuyers should carefully assess affordability given this upward movement, while those seeking refinancing may find limited benefit in adjustable terms amid rising rates. Veterans and other members considering alternative products should evaluate fixed-rate options if they prioritize payment stability. In light of these changes, it is prudent to analyze mortgage strategies thoroughly—consider locking in rates or exploring refinancing avenues to mitigate long-term interest expenses amid increasing market volatility.
State Department Federal Credit Union
On August 2, 2025, Conforming Adjustable-Rate Mortgages (ARMs) for purchase remain stable with no rate changes over the past week. The 5/5 ARM and 7/6 ARM both hold steady at 5.75%, representing the lowest yields among today's offerings, while the 10/6 ARM is fixed at 5.875%. The 15/15 ARM maintains a rate of 6.00% with consistent points at 0.25.
For members considering adjustable products, the unchanged rates indicate stable borrowing costs amid recent market conditions. First-time buyers benefit from predictable initial terms on these ARMs, while those evaluating long-term financing should weigh potential yield spread fluctuations post-adjustment periods.
Given this environment, members may want to evaluate their mortgage strategy, particularly if they prioritize initial affordability or anticipate refinancing opportunities when rates adjust. Consider fixed-rate alternatives if stability outweighs short-term cost savings.
Zillow National Average
As we step into August, mortgage rates are showing a gradual cooling, particularly in the 15-Year Fixed Rate Jumbo loans, which have dipped 0.38% over the past week. Today, these rates stand at 6.410%, a slight hold from yesterday but down significantly from previous weeks. This decline can be a beacon of hope for first-time buyers eager to secure more affordable monthly payments—a small drop like this can translate into thousands saved over the life of a loan.
For refinancers, now is an opportune moment to evaluate existing mortgages, as even minor rate changes could yield considerable savings. Investors might want to consider that while current rates remain relatively stable, fluctuations may impact rental yields and property appreciation.
Don’t miss out on today’s potential savings! Speak with a mortgage advisor to explore your best options. As market dynamics shift—especially with hints of future rate hikes from the Fed—staying informed is crucial for making sound financial decisions.
Federal Reserve Economic Trends
In the ever-shifting landscape of U.S. economic indicators, today reveals noteworthy trends for homebuyers and investors alike. The Mortgage 30-Year USDA Average Rates have notably increased by 0.12 points in just one week, signaling a potential rise in borrowing costs for those looking to secure a mortgage.
As inflation expectations remain stable with the 10-Year Breakeven Inflation Rate at 2.330%, the interplay between inflation and interest rates is critical. A minor uptick in mortgage rates—like the recent 0.21-point increase in 30-Year Jumbo Average Rates over the past month—can translate into hundreds more in monthly payments, highlighting the importance of timing your rate lock.
For first-time buyers, monitoring these changes is vital. If you're considering refinancing or purchasing, now may be an opportune moment to consult with a mortgage advisor to navigate these fluctuations effectively.
Stay alert for upcoming Fed decisions that could influence future rates; even small shifts can make a significant impact on your financial future. Keep an eye on those trends and don’t hesitate to act!
LendMesh
Every homeowner’s journey is different, but almost all of us remember that mix of excitement and uncertainty when it’s time to find the right mortgage. At LendMesh, we know the process can be overwhelming—that’s why we’ve created a place where you can get honest guidance, side-by-side rate comparisons, and direct access to lending partners who put your needs first. We work with a nationwide network of credit unions and banks, offering options you might not find anywhere else. Think of us as your financial co-pilot, here to help you make decisions with confidence. When you’re ready to explore what’s possible, visit our Mortgage Loans page at https://www.lendmesh.com/loans/mortgage_loans . Let’s turn those dreams of homeownership into reality, one step at a time.
Conclusion
Looking ahead, it’s clear that mortgage rates remain a crucial factor in your home financing journey—whether you’re buying your first home, upgrading, or refinancing to free up cash. With today’s data showing pockets of stability and modest declines across several key loan products—especially those competitive adjustable-rate options and jumbo fixed loans—it pays to stay informed and ready to act. Remember, even a small dip like the recent 8-basis-point drop on some fixed-rate products can shave significant dollars off your monthly payment. So if you’re on the fence about locking in a rate, consider how these subtle shifts align with your financial goals and timeline. Keep an eye on both local credit union offers and national averages to find the best fit for your situation. Patience mixed with timely action can turn these market nuances into real savings—and that’s advice any homeowner or buyer can appreciate as they plan their next move.