Introduction
August 4, 2025 — If you’ve been keeping an eye on mortgage rates lately, today brings a mix of steady footing and subtle shifts that could shape your next move. Whether you’re buying your first home, upgrading to a new space, or locking in a refinance, the latest numbers from credit unions and Zillow hint at opportunity amid cautious optimism. For example, Baxter Credit Union is offering a standout 15-year fixed rate at 5.5% with 0.75 points, representing the lowest in today’s credit union lineup for purchase loans. Meanwhile, Zillow shows jumbo loan rates dipping with the 30-year fixed jumbo at 6.54%, down by over ten basis points from last week — good news if you’re eyeing higher-priced homes. Inflation expectations also eased slightly according to the Federal Reserve’s breakeven inflation rates, suggesting some relief on long-term borrowing costs ahead. Here’s what you need to know before locking in a rate: these small but meaningful changes could translate into hundreds saved monthly or thousands over the life of your loan.
New Purchase - Conventional 15 yrs Fixed
Lender
2025-08-04
(Current Day)
(Current Day)
2025-07-28
(7 Days Ago)
(7 Days Ago)
2025-07-20
(15 Days Ago)
(15 Days Ago)
2025-07-05
(30 Days Ago)
(30 Days Ago)
2025-06-20
(45 Days Ago)
(45 Days Ago)
2025-06-05
(60 Days Ago)
(60 Days Ago)
2025-05-06
(90 Days Ago)
(90 Days Ago)
5.50%
5.63%
+12.5 bps
5.63%
+12.5 bps
5.50%
5.88%
6.00%
+12.5 bps
5.25%
5.25%
5.25%
5.50%
+25 bps
5.50%
+25 bps
5.38%
+12.5 bps
5.25%
5.25%
5.38%
+12.5 bps
5.25%
5.50%
+25 bps
5.50%
+25 bps
6.00%
6.25%
+25 bps
5.25%
5.50%
+25 bps
5.38%
+12.5 bps
5.38%
+12.5 bps
5.63%
5.63%
5.75%
+12.5 bps
5.63%
5.75%
+12.5 bps
5.75%
+12.5 bps
6.00%
+37.5 bps
5.50%
5.50%
5.50%
5.38%
-12.5 bps
New Purchase - Conventional 30 yrs Fixed
Lender
2025-08-04
(Current Day)
(Current Day)
2025-07-28
(7 Days Ago)
(7 Days Ago)
2025-07-20
(15 Days Ago)
(15 Days Ago)
2025-07-05
(30 Days Ago)
(30 Days Ago)
2025-06-20
(45 Days Ago)
(45 Days Ago)
2025-06-05
(60 Days Ago)
(60 Days Ago)
2025-05-06
(90 Days Ago)
(90 Days Ago)
6.75%
6.75%
6.75%
6.75%
6.88%
+12.5 bps
7.00%
+25 bps
6.75%
6.38%
6.50%
+12.5 bps
6.50%
+12.5 bps
6.38%
6.38%
6.50%
+12.5 bps
4.50%
6.13%
6.13%
6.00%
6.25%
+25 bps
6.25%
+25 bps
6.13%
+12.5 bps
6.13%
6.13%
6.25%
+12.5 bps
6.13%
6.38%
+25 bps
6.25%
+12.5 bps
6.63%
6.88%
+25 bps
6.25%
6.38%
+12.5 bps
6.25%
6.25%
6.38%
6.38%
6.50%
+12.5 bps
6.38%
6.38%
6.38%
6.75%
+37.5 bps
6.50%
6.50%
6.50%
6.38%
-12.5 bps
Affinity Plus
On August 4, 2025, the 30-Year 97% Purchase Fixed-Rate, Conventional mortgage holds steady at 6.75%, unchanged from both last week and a month ago. This stability in rates means the cost of borrowing remains consistent for prospective homebuyers, particularly benefiting first-time buyers aiming for high loan-to-value financing without increased yield spreads. Veterans and those seeking refinancing options should note that fixed rates show no upward pressure, supporting predictable payment planning. Given this environment, members prioritizing payment certainty may consider locking in fixed-rate mortgages now. Additionally, evaluating refinancing strategies could help maintain or reduce long-term costs amid potential market fluctuations ahead. Staying informed on rate trends enables precise mortgage planning aligned with financial goals.
Baxter
On August 4, 2025, 15 Year Fixed purchase mortgage rates decreased by 12.5 basis points, now at a competitive 5.50% with 0.75 points, maintaining stability compared to 30 days ago. Similarly, the 30 Year Fixed purchase rate dropped by 12.5 basis points to 6.375% with 0.625 points, showing no change from a month prior.
These shifts reduce the overall cost of borrowing for buyers seeking fixed-rate stability, particularly benefiting those aiming for shorter-term commitments or long-term financing. First-time buyers may find the lower yield spreads on 15-year loans advantageous for faster equity build-up, while purchasers focused on payment predictability should assess the impact of minor rate improvements.
Members are encouraged to evaluate fixed-rate options carefully, considering their financial horizon and refinancing potential to optimize mortgage strategies in this low-volatility environment.
Eastrise
On August 4, 2025, 15-Year Fixed Purchase mortgages offer the lowest rate at 5.875%, reflecting a 12.5 basis points decrease from one week ago. Similarly, the 30-Year Fixed Purchase rate dropped by 12.5 basis points to 6.375% over the same period. These downward yield spreads reduce the overall cost of borrowing for homebuyers locking in fixed terms, particularly benefiting those prioritizing predictable payments. First-time buyers may find the shorter-term fixed option advantageous for quicker equity buildup, while longer-term borrowers can evaluate if the recent rate decline justifies securing a new purchase loan now. Members should consider their financial horizon and risk tolerance when assessing fixed-rate stability versus potential market fluctuations and refinancing opportunities.
Fccu
On August 4, 2025, purchase mortgage rates at FCCU remain stable with the 15 Year Fixed loan at 5.25%, holding steady over the past week. Similarly, the 30 Year Fixed purchase rate is unchanged at 6.125%. These rates reflect no movement in yield spreads or basis points, indicating consistent borrowing costs for members.
For first-time buyers prioritizing lower monthly payments and veterans seeking straightforward financing, the fixed-rate options provide predictable payment structures amid stable market conditions. While refinancing data is not available today, members should monitor rates closely to optimize long-term savings.
Given this stability, members are advised to consider fixed-rate mortgages if valuing payment certainty and to periodically evaluate refinancing opportunities as part of a data-driven mortgage strategy.
Goldenwest
On August 4, 2025, 15 Year Fixed Loan Purchase rates decreased by 25 basis points to 5.25%, marking the lowest yield among current options. Similarly, the 30 Year Fixed Loan Purchase rate fell by 25 basis points to 6.00% over the past week. These declines reduce borrowing costs for homebuyers locking in fixed rates, particularly benefiting those seeking shorter-term commitments or stable long-term financing. First-time buyers may find the 15 Year Fixed Loan attractive for accelerated equity build-up at a lower cost, while longer-term borrowers can leverage the modest drop in the 30 Year Fixed Loan to manage monthly payments effectively. Given these trends, members should evaluate refinancing strategies or consider fixed-rate options to mitigate future interest rate volatility and optimize mortgage expenses.
Navy Federal Credit Union
As of August 4, 2025, fixed-rate Conventional mortgages remain stable. The 15-year fixed Conventional purchase loan holds steady at 5.25% with minimal yield spread movement over the past week and month, maintaining its position as the lowest rate option currently available. Meanwhile, the 30-year fixed Conventional purchase loan remains unchanged at 6.125%, reflecting no basis point shifts in recent periods.
For members prioritizing predictable payments, the consistent 15-year fixed rate at 5.25% offers cost-effective borrowing with lower overall interest expense. Conversely, longer-term financing via the 30-year fixed loan at 6.125% may suit those seeking lower monthly obligations despite higher cumulative interest.
Given the static rate environment, members should consider fixed-rate options if valuing stability or evaluate refinancing to optimize long-term costs, especially if current rates align favorably with existing loans.
Newport News Shipbuilding Employees
On August 4, 2025, 15-Year Fixed Purchase mortgage rates stand at 6.00%, marking a 25 basis points decrease from last week. Similarly, the 30-Year Fixed Purchase rate is currently 6.625%, also down by 25 basis points over seven days. These reductions in yield spreads indicate a modest easing in borrowing costs for fixed-rate loans, benefiting borrowers seeking long-term rate stability.
For first-time buyers and those prioritizing predictable payments, the lower 15-Year Fixed rate offers cost savings over shorter terms. Meanwhile, buyers opting for the traditional 30-Year Fixed can also capitalize on reduced rates to improve affordability. Members should analyze their financial goals and consider fixed-rate options to hedge against future market volatility.
Given these recent declines, evaluating refinancing strategies or new purchase plans with updated rate data is advisable to optimize mortgage expenses effectively.
Nuvision
On August 4, 2025, 15-Year Conforming Fixed Purchase rates decreased by 25 basis points, now at a competitive 5.25% with 1.25 points, lowering the cost of borrowing for buyers prioritizing shorter terms and faster equity buildup. Meanwhile, the 30-Year Conforming Fixed Purchase rate declined by 12.5 basis points over the past week, settling at 6.25% with 1 point, maintaining stability compared to a month ago. These yield spreads suggest favorable conditions for members seeking long-term affordability or those balancing monthly payments with loan duration. First-time homebuyers may benefit from the lower 15-year rate’s reduced interest expense, while others might evaluate fixed-rate options to manage interest rate risk effectively. Given these trends, members should assess their mortgage strategies in light of recent rate compressions to optimize financing costs.
State Department Federal Credit Union
On August 4, 2025, Conforming 15 Year Fixed Purchase loans maintain the lowest rate at 5.625%, unchanged from both one week and one month ago, indicating stable yield spreads and borrowing costs for borrowers prioritizing shorter-term fixed options. Similarly, Super Conforming 30 Year Fixed Purchase loans hold steady at 6.375%, reflecting no basis point movement over the past seven and thirty days. This consistency benefits members seeking long-term financing stability without facing recent rate volatility. For first-time buyers or those with longer investment horizons, locking in these rates can mitigate interest rate risk. Given the static environment, members are advised to evaluate fixed-rate strategies aligned with their financial goals and consider refinancing only if market conditions shift to improve cost efficiency.
Tower
On August 4, 2025, 15-Year Fixed Purchase loans hold the lowest rate at 5.5%, unchanged over the past week but up 12.5 basis points compared to 30 days ago. Meanwhile, the 30-Year Fixed Purchase with 100% Financing remains at 6.5%, also steady week-over-week yet increased by 12.5 basis points month-over-month. These yield spreads suggest a modest rise in the cost of borrowing over the past month, impacting affordability for new homebuyers. First-time buyers may find stability in the shorter-term fixed option, while those requiring full financing face higher monthly payments due to elevated rates. Veterans and refinancing applicants should monitor these trends closely. Members are advised to evaluate fixed-rate products for predictability and consider refinancing opportunities where feasible to mitigate rising interest expenses amid current market shifts.
Zillow National Average
As summer unfolds, mortgage rates are showing signs of cooling, much like a gentle breeze after a hot day. Today, the 15-Year Fixed Rate Jumbo has dropped to 6.283%, down 0.13% from yesterday and reflecting a notable decline of 0.44% over the past week. For first-time buyers, this gradual easing could translate into more manageable monthly payments, making homeownership feel a bit more attainable. Meanwhile, long-term investors should consider that even minor shifts—like a mere 0.25% change—can significantly impact total interest paid over decades.
With the Fed hinting at potential future rate hikes, now may be the time to lock in these favorable rates before they shift again. Whether you're looking to refinance or invest, consulting with a mortgage advisor can provide tailored strategies that align with your goals. Stay informed as market conditions evolve; the right moment to act could be just around the corner!
Federal Reserve Economic Trends
As of August 4, 2025, the mortgage market is witnessing significant fluctuations. The Mortgage 30-Year Jumbo Average Rates dropped a staggering 6.89 points in just one day, signaling a potential opportunity for savvy buyers and investors. With inflation expectations remaining relatively stable—illustrated by the 10-Year Breakeven Inflation Rate at 2.33%—it’s clear that these shifts are driving mortgage costs lower.
For first-time buyers, even a small decrease in rates can translate into substantial savings over time. For instance, a 0.1% reduction in interest on a $300,000 loan could save you over $1,500 in total interest payments! This makes it crucial to monitor these trends closely.
If you’re considering refinancing or purchasing, now might be the time to act. Given the recent drops in jumbo mortgage rates, you could secure favorable terms. Always consult with a mortgage advisor to navigate these changes effectively.
Stay alert for upcoming Federal Reserve decisions, as they could further influence rates and inflation expectations. Locking in your rate today could be the smart move!
LendMesh
If you’ve ever wondered whether you’re getting the best mortgage deal, you’re not alone. So many homebuyers wish they’d had clearer information or a trusted partner by their side. At LendMesh, we fill that gap by working closely with credit unions and community-focused banks to bring you the most competitive offers, transparent advice, and tools you can actually use. Our mission is simple: help you make smarter decisions and save more money, whether you’re buying your first home or refinancing your forever one. Want to see how easy it can be to compare options and learn what’s right for you? Visit our Mortgage Loans page at https://www.lendmesh.com/loans/mortgage_loans your journey to a better mortgage starts right here.
Conclusion
As you weigh your options this week, remember that even modest shifts in mortgage rates ripple through your budget more than you might expect. A quarter-point drop on a 30-year fixed loan can mean an extra latte a day or help cover those unexpected home repairs down the line. Whether you’re leaning toward a shorter 15-year term like Baxter’s attractive 5.5%, or considering jumbo financing options highlighted by Zillow’s recent dips, staying informed is your best tool. Keep an eye on local credit union offers—they often provide competitive rates and personalized service that big banks can’t match. And while today’s inflation signals hint at stability, don’t wait too long—rates can turn quickly, impacting your purchasing power or refinancing savings. In this market, moving with confidence means combining smart timing with clear financial goals so your home truly becomes your haven and investment rolled into one.