Introduction
August 6, 2025, brings a refreshing breeze to the mortgage landscape, offering some welcome relief for homebuyers and homeowners alike. After weeks of steady rates, we're seeing subtle but encouraging dips that could make a real difference in your monthly payments. Whether you’re eyeing a cozy starter home or looking to refinance your current loan, this week’s data from Credit Unions, Zillow, and the Federal Reserve (FRED) reveals promising opportunities. The lowest rate available today is a 5.25% FHA 15-Year Fixed Purchase Loan at Ent Credit Union, perfect for buyers ready to build equity faster with manageable payments. Meanwhile, jumbo loan seekers can breathe easier as Zillow reports a modest drop in their 30-year fixed jumbo rate to 6.529%. Even inflation expectations are easing slightly, suggesting a bit more stability on the horizon. Here’s what you need to know before locking in a rate — small shifts now can add up to big savings down the road.
New Purchase - FHA 15 yrs Fixed
Lender
2025-08-06
(Current Day)
(Current Day)
2025-07-30
(7 Days Ago)
(7 Days Ago)
2025-07-22
(15 Days Ago)
(15 Days Ago)
2025-07-07
(30 Days Ago)
(30 Days Ago)
2025-06-22
(45 Days Ago)
(45 Days Ago)
2025-06-07
(60 Days Ago)
(60 Days Ago)
2025-05-08
(90 Days Ago)
(90 Days Ago)
5.25%
5.25%
5.25%
5.25%
5.49%
5.49%
5.49%
5.49%
5.50%
5.63%
+12.5 bps
5.63%
5.63%
5.75%
+12.5 bps
5.75%
+12.5 bps
5.88%
5.88%
5.88%
5.88%
New Purchase - FHA 30 yrs Fixed
Lender
2025-08-06
(Current Day)
(Current Day)
2025-07-30
(7 Days Ago)
(7 Days Ago)
2025-07-22
(15 Days Ago)
(15 Days Ago)
2025-07-07
(30 Days Ago)
(30 Days Ago)
2025-06-22
(45 Days Ago)
(45 Days Ago)
2025-06-07
(60 Days Ago)
(60 Days Ago)
2025-05-08
(90 Days Ago)
(90 Days Ago)
5.75%
5.99%
+24 bps
5.99%
+24 bps
5.99%
+24 bps
6.13%
+37.5 bps
6.13%
+37.5 bps
5.99%
+24 bps
6.00%
6.00%
6.00%
6.00%
5.99%
5.99%
5.75%
5.88%
+12.5 bps
5.88%
+12.5 bps
5.88%
+12.5 bps
6.00%
6.13%
+12.5 bps
6.13%
+12.5 bps
6.13%
+12.5 bps
5.88%
5.99%
+11.5 bps
5.99%
+11.5 bps
5.99%
+11.5 bps
5.88%
6.00%
+12.5 bps
6.00%
+12.5 bps
6.00%
+12.5 bps
6.38%
6.38%
6.38%
6.38%
6.50%
+12.5 bps
6.50%
+12.5 bps
6.38%
5.88%
5.88%
5.88%
6.00%
6.00%
6.12%
+12.4 bps
5.99%
6.00%
+1 bps
6.00%
+1 bps
6.13%
+13.5 bps
Desert Financial
On August 6, 2025, the FHA 30 Year Fixed Purchase mortgage rate stands at a competitive 5.75%, marking a decrease of 24 basis points from both one week and one month ago. This downward movement reduces the overall cost of borrowing for prospective homebuyers relying on government-backed loans. First-time buyers may find this rate adjustment advantageous for entry into homeownership due to lowered monthly payments. Meanwhile, current FHA borrowers considering purchase transactions should evaluate the potential savings against closing costs. Given this trend, members might consider locking in fixed-rate FHA loans to secure stability amid evolving yield spreads. A data-driven approach suggests reviewing your mortgage strategy carefully to optimize long-term financing costs and explore refinancing opportunities where applicable.
Ent
On August 6, 2025, FHA 15-Year Fixed Purchase loans maintain a steady rate of 5.25%, showing no change over the past 7 or 30 days. Similarly, the FHA 30-Year Fixed Purchase loans hold firm at 6.00%, with zero basis point movement in the same periods. This stability in rates suggests consistent borrowing costs for members pursuing FHA-backed purchase options, particularly benefiting first-time buyers seeking long-term predictability or those prioritizing lower upfront payments. Veterans and borrowers considering refinancing should note these unchanged yields when evaluating their mortgage strategy. Given this environment, members valuing rate certainty may find fixed-rate FHA products advantageous, while ongoing market steadiness underscores the importance of regularly reviewing mortgage plans to optimize financing costs.
Fccu
As of August 06, 2025, the 30-year FHA Purchase mortgage rate remains steady at 5.99%, showing no change over the past week (+0.000 basis points). This stability in the FHA fixed-rate loan maintains consistent borrowing costs for first-time homebuyers and those seeking government-backed financing options. Without any recent yield spread fluctuations, members can plan their purchase financing with predictable monthly payments. Given this rate plateau, borrowers valuing payment certainty might consider locking in fixed-rate options now. Additionally, prospective buyers should continue to evaluate how current rates align with their long-term financial goals and housing market conditions before committing to a mortgage strategy.
Goldenwest
On August 6, 2025, 15 Year Fixed FHA Mortgage purchase rates remain stable at 5.49%, unchanged over the past week and month, indicating steady borrowing costs for members seeking shorter-term FHA loans. Conversely, the 30 Year Fixed FHA Mortgage purchase rate has decreased by 12.5 basis points to 5.75%, reflecting a modest reduction in yield spreads over the last seven and thirty days.
For first-time homebuyers prioritizing lower monthly payments, the reduced rate on the 30-year FHA fixed may improve affordability. Those favoring predictable payments with shorter terms can rely on the consistent 15-year FHA fixed rate. Members should consider fixed-rate options if stability is paramount or evaluate refinancing strategies to leverage recent rate declines for long-term cost savings.
Hapo Community
On August 6, 2025, FHA Purchase Loans show a moderate decline in rates. The 15-Year Fixed FHA Purchase rate decreased by 12.5 basis points, now at 5.50%, representing the lowest rate available today. Similarly, the 30-Year Fixed FHA Purchase rate dropped by 12.5 basis points to 6.00%, reflecting a modest reduction in yield spreads over the past week and month.
These shifts slightly reduce the cost of borrowing for first-time homebuyers utilizing FHA financing, enhancing affordability on both shorter and standard loan terms. Veterans or refinance applicants should note these changes do not apply today.
Members seeking predictable payments may consider fixed-rate options given current downward movement, while those evaluating purchase strategies should factor in these improved rates to optimize financing costs over their loan horizon.
Hughes
On August 6, 2025, the 30-year FHA Loan (Purchase) rate decreased to 5.875%, marking a notable decline of 11.5 basis points compared to both one week and one month ago. This reduction in yield spreads lowers the overall cost of borrowing for members pursuing government-backed home purchases. First-time buyers relying on FHA loans may find enhanced affordability due to this downward movement, while veterans and refinancing applicants should monitor similar trends for potential benefits. Given this data, members are advised to evaluate their mortgage strategy, considering fixed-rate options if they prioritize payment stability amid fluctuating yields. Those with existing higher-rate loans might also explore refinancing opportunities to capitalize on improved rates and reduce long-term costs.
Nuvision
As of August 6, 2025, the 30-Year FHA Purchase mortgage rate stands at a competitive 5.875% with 1.125 points, marking a decrease of 12.5 basis points from both last week and the past 30 days. This reduction in yield spreads lowers the overall cost of borrowing for first-time and budget-conscious buyers relying on government-backed financing. Members considering home purchases under the FHA program benefit from improved affordability amid stable market conditions. For those assessing their mortgage strategy, this downward trend underscores the potential value in locking fixed rates now to mitigate future volatility. Evaluating refinancing options or initiating new purchases with this lowest available FHA rate may support better long-term financial planning aligned with personal risk tolerance and housing goals.
Schoolsfirst
On August 6, 2025, FHA 15-Year Purchase loans remain at a stable 5.625%, showing no change over the past week, reflecting steady yield spreads for borrowers prioritizing shorter terms. Meanwhile, the FHA 30-Year Purchase rate holds firm at 6.375%, unchanged from both 7 and 30 days ago, indicating consistent cost of borrowing for long-term financing.
For first-time buyers seeking lower monthly payments, the steady FHA 30-Year rate offers predictable budgeting without recent volatility. Veterans and other FHA-eligible members may find evaluating fixed-rate options beneficial to maintain financial stability amid flat market conditions.
Given these trends, members should consider locking in current rates where appropriate and assess refinancing strategies to optimize loan terms in a stable rate environment. Monitoring shifts in yield spreads remains crucial for informed mortgage decisions.
Selco Community
On August 6, 2025, the 30 Year FHA Manufactured Home (no homes on rented land) purchase loan remains steady at a competitive 5.875% with 0.0 points, reflecting no change over the past week. This stability in yield spreads means the cost of borrowing for eligible buyers, including first-time homebuyers utilizing FHA backing, has not fluctuated recently, providing predictability in mortgage expenses. For members considering this loan type, particularly those purchasing manufactured homes, maintaining this rate suggests a consistent financing environment without increased premium risk. Given these stable conditions, borrowers should evaluate fixed-rate options for long-term budgeting certainty and assess refinancing only if market rates decline to improve their cost structure effectively.
Trustone Financial
On August 6, 2025, the FHA 30 Year Fixed Purchase mortgage rate remains steady at a competitive 6.0%, showing no change from one week ago. This stability in yield spreads indicates consistent borrowing costs for first-time homebuyers and those requiring government-backed financing. Given the unchanged rate over the past 7 days, members can anticipate predictable monthly payments without immediate pressure from rising rates. While no recent declines offer refinancing cost advantages, evaluating fixed-rate options may benefit members prioritizing long-term payment certainty. Those considering new purchases with FHA loans should monitor market trends but can currently leverage this stable rate environment to plan their mortgage strategy effectively.
Washington State Employees
As of August 06, 2025, the FHA 15-Year Fixed Rate Purchase remains steady at a competitive 5.875%, showing no change over the past week or month, indicating stable borrowing costs for buyers seeking shorter-term financing. Meanwhile, the FHA 30-Year Fixed Rate Purchase has decreased by 10 basis points in the last 7 days to 5.99%, and by 13.5 basis points compared to 30 days ago, slightly lowering long-term borrowing expenses.
For first-time buyers prioritizing lower monthly payments, the recent decline in the 30-Year FHA fixed rate may improve affordability. Conversely, borrowers favoring predictability should note the stability in the 15-Year FHA fixed rate, which supports consistent yield spreads over time.
Members are encouraged to evaluate their mortgage strategy carefully, considering fixed-rate options if they prioritize payment stability or to explore refinancing possibilities where these modest rate shifts could reduce overall financing costs.
Zillow National Average
As summer continues to heat up, mortgage rates are cooling down, offering a refreshing opportunity for potential homebuyers. Today, the 30-Year Fixed Rate Jumbo saw a minor drop of 0.03%, while the 15-Year Fixed Rate Jumbo experienced a more significant decline of 0.17% over the past week. This gradual easing in rates could be particularly advantageous for first-time buyers seeking affordability; even slight reductions can translate into substantial savings over the life of a loan.
For those considering refinancing or investing, it’s crucial to recognize that every basis point matters. A mere 0.25% increase could add tens of thousands to your total mortgage cost—making today's lower rates a compelling reason to act swiftly.
With the Federal Reserve hinting at possible rate hikes, now may be the time to lock in favorable terms. Consult with a mortgage advisor today to explore your best options and stay ahead as market conditions evolve!
Federal Reserve Economic Trends
Economic Update: Navigating Mortgage Rates Amid Shifting Inflation Expectations
As of today, Mortgage 30-Year VA Average Rates have seen a notable drop of 0.17 points over the past week, reflecting ongoing shifts in inflation expectations. The Breakeven Inflation Rate for 10-year bonds remains stable at 2.360%, signaling that while inflation is expected to hold steady, mortgage rates continue to fluctuate.
For homebuyers, even a slight change in rates can significantly impact monthly payments. For instance, a 0.19 point decrease in VA mortgage rates over the last month translates to potential savings for those refinancing or purchasing homes.
First-time buyers should consider locking in current rates, as they remain historically favorable despite recent volatility. Long-term investors might benefit from monitoring these trends closely, given that rates could still shift based on Federal Reserve decisions.
With FRED data providing reliable insights, it’s crucial to stay informed about economic changes that could affect your mortgage strategy. Consult with a mortgage advisor to explore your options and make informed decisions tailored to your financial goals. Stay vigilant for upcoming shifts that may present new opportunities or challenges!
LendMesh
There’s something special about finding a place that truly feels like home. At LendMesh, we believe the mortgage process should be just as comforting as stepping into that dream home for the first time. Our advisors have seen it all—first-time buyers nervous about down payments, families needing more space, and even seasoned homeowners looking to refinance for a better deal. What makes us different? We bring together rates from trusted credit unions and respected banks, so you’re never left guessing if you’re missing out. Our site is built for real people, with resources that break down complex terms and calculators to show you what fits your budget. Ready to see what’s possible? Visit our Mortgage Loans page at https://www.lendmesh.com/loans/mortgage_loans and take the guesswork out of your next move.
Conclusion
Looking ahead, it’s clear that even minor rate movements deserve your attention because they directly affect your wallet. A dip of just a quarter percent might shave hundreds off your monthly mortgage bill or save thousands in interest over time — enough to finally afford that backyard deck or extra savings cushion. If you’re buying, consider locking in one of the standout low rates like the 5.25% FHA 15-Year Fixed at Ent Credit Union while it lasts. Homeowners thinking about refinancing should watch these trends closely; a smarter refinance move today could mean peace of mind tomorrow. Remember, patience paired with timely action often wins the day in mortgage markets. Keep an eye on inflation indicators and lender offerings as they unfold—this insight will empower you to make confident decisions that support your financial well-being and turn your homeownership dreams into reality.