Introduction
On August 7, 2026, mortgage rates are showing a calm yet promising landscape for homebuyers and refinancers. If you’ve been watching rates closely, today’s numbers suggest some room to strategize. The lowest rate available is a 5.25% 15-year fixed refinance with Knoxville TVA Employees Credit Union, offering an attractive option for borrowers focused on shorter terms and faster equity building. Meanwhile, Zillow’s jumbo loan rates show a slight dip on the 30-year fixed, now at 6.474%, hinting at easing costs for higher-value homes. Inflation expectations from the Federal Reserve have edged down modestly, which could keep borrowing costs stable in the near term. Here’s what you need to know before locking in a rate, small shifts can make a big difference in your monthly payments and long-term savings.
At a glance
Refinance - Conventional 15 yrs Fixed
| Lender | 2026-08-07 Current | 2026-07-31 7 Days Ago | 2026-07-23 15 Days Ago | 2026-07-08 30 Days Ago | 2026-06-23 45 Days Ago | 2026-06-08 60 Days Ago | 2026-05-09 90 Days Ago | 2026-02-08 180 Days Ago |
|---|---|---|---|---|---|---|---|---|
| KNOXVILLE TVA EMPLOYEES CREDIT UNIONLOWEST | 5.25% | 5.25% | 5.25% | 5.25% | 5.25% | 5.25% | 5.25% | N/A |
| NAVY FEDERAL CREDIT UNION | 5.38%▼ 12 bps | 5.50% | 5.38% | 5.25% | 5.25% | 5.38% | 5.25% | 4.88% |
| FIRST COMMUNITY CREDIT UNION | 5.50% | 5.50% | 5.38% | 5.38% | 5.38% | 5.50% | 5.13% | 4.88% |
| SPACE COAST CREDIT UNION | 5.63% | 5.63% | 5.63% | 5.50% | 5.50% | 5.50% | 5.63% | 5.50% |
| 1ST ADVANTAGE FEDERAL CREDIT UNION | 5.75% | 5.75% | 5.63% | 5.63% | 5.63% | 5.63% | N/A | 5.25% |
| LANGLEY FEDERAL CREDIT UNION | 5.75% | 5.75% | 5.75% | 5.75% | 5.75% | 5.75% | 5.50% | 5.25% |
| TROPICAL FINANCIAL CREDIT UNION | 5.75% | 5.75% | 5.63% | 5.50% | 5.63% | 5.50% | 5.38% | 5.00% |
| CONNECTICUT STATE EMPLOYEES CREDIT UNION | 5.88%▼ 25 bps | 6.13% | 6.13% | 5.40% | 5.40% | 5.40% | 5.40% | 5.40% |
| AFFINITY PLUS FEDERAL CREDIT UNION | 6.13% | 6.13% | 6.00% | 5.88% | 5.88% | 5.88% | 5.75% | 5.38% |
Sorted by current rate, lowest first. Scroll sideways for rate history. ▼ means the current rate is lower than last week, ▲ higher.
Refinance - Conventional 30 yrs Fixed
| Lender | 2026-08-07 Current | 2026-07-31 7 Days Ago | 2026-07-23 15 Days Ago | 2026-07-08 30 Days Ago | 2026-06-23 45 Days Ago | 2026-06-08 60 Days Ago | 2026-05-09 90 Days Ago | 2026-02-08 180 Days Ago |
|---|---|---|---|---|---|---|---|---|
| KNOXVILLE TVA EMPLOYEES CREDIT UNIONLOWEST | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | N/A |
| LANGLEY FEDERAL CREDIT UNION | 5.63% | 5.63% | 5.63% | 5.88% | 5.63% | 5.63% | 5.25% | 4.99% |
| NAVY FEDERAL CREDIT UNION | 5.75%▼ 12 bps | 5.88% | 5.75% | 5.63% | 5.63% | 6.88% | 6.88% | 6.38% |
| 1ST ADVANTAGE FEDERAL CREDIT UNION | 5.99% | 5.99% | 5.88% | 5.88% | 5.88% | 5.99% | N/A | 5.75% |
| FIRST COMMUNITY CREDIT UNION | 6.38% | 6.38% | 6.13% | 6.13% | 6.25% | 6.25% | 6.00% | 5.63% |
| SPACE COAST CREDIT UNION | 6.38% | 6.38% | 6.38% | 6.25% | 6.25% | 6.25% | 6.38% | 6.25% |
| CONNECTICUT STATE EMPLOYEES CREDIT UNION | 6.50%▼ 25 bps | 6.75% | 6.63% | N/A | N/A | N/A | N/A | N/A |
| AFFINITY PLUS FEDERAL CREDIT UNION | 6.75% | 6.75% | 6.50% | 6.38% | 6.38% | 6.38% | 6.25% | 5.88% |
| TROPICAL FINANCIAL CREDIT UNION | 6.75%▲ 13 bps | 6.63% | 6.50% | 6.38% | 6.50% | 6.38% | 6.25% | 5.88% |
Sorted by current rate, lowest first. Scroll sideways for rate history. ▼ means the current rate is lower than last week, ▲ higher.
1ST ADVANTAGE FEDERAL CREDIT UNION
As of August 7, 2026, refinance mortgage rates remain steady for both 15-Year Fixed and 30-Year Fixed products at 5.75% and 5.99%, respectively. The 15-Year Fixed refinance rate, currently the lowest available, has held firm over the past week but increased by 12.5 basis points compared to 30 days ago. Similarly, the 30-Year Fixed refinance rate shows no change in the last 7 days but is up by approximately 11.5 basis points versus one month prior. These modest yield spread expansions slightly raise the cost of borrowing, impacting borrowers considering refinancing to lower monthly payments or shorten loan terms.
Members prioritizing payment stability may find fixed-rate options appropriate amid these shifts, while those evaluating long-term savings should carefully assess if current rates justify refinancing costs. For details, visit https://www.1stadvantage.org/personal/home-loans-equity/refinance-home-loan/#rates.
AFFINITY PLUS FEDERAL CREDIT UNION
On August 7, 2026, conventional refinance rates for both the 15-Year Fixed-Rate and 30-Year Fixed-Rate loans remain steady compared to last week, at 6.125% and 6.75%, respectively. However, both have increased notably over the past month, with the 15-year rising by 25 basis points and the 30-year by 37.5 basis points, reflecting a higher cost of borrowing for homeowners considering refinancing. These yield spreads suggest that shorter-term fixed options still offer lower rates, potentially benefiting members prioritizing quicker payoff periods and reduced interest expense. Borrowers should evaluate their mortgage strategy carefully; those valuing payment stability may consider locking in current fixed rates while assessing if refinancing costs are justified by long-term savings.
For details, visit https://www.affinityplus.org/rates/mortgage-rates.
CONNECTICUT STATE EMPLOYEES CREDIT UNION
As of August 7, 2026, 15 Year Fixed Refinance rates have decreased by 25 basis points, now at 5.875%, down from 6.125% a week ago. This decline represents a modest reduction in the cost of borrowing for homeowners seeking to shorten their loan term and accelerate equity build-up. Over the past 30 days, this rate is up by approximately 47.5 basis points, reflecting some recent upward pressure on yields.
Meanwhile, the 30 Year Fixed Refinance rate also dropped by 25 basis points to 6.5% compared to seven days prior. While longer-term borrowing remains higher than the shorter 15-year option, this decrease may improve affordability for borrowers prioritizing lower monthly payments.
Members considering refinancing should assess whether locking in current fixed rates aligns with their financial goals, especially given recent volatility. For those valuing payment stability or planning to stay in their homes long term, fixed-rate options remain relevant. Evaluate refinancing if potential savings exceed transaction costs.
For details, visit https://www.csecreditunion.com/Rates/Loan-Rates#firstmortgage.
FIRST COMMUNITY CREDIT UNION
As of August 7, 2026, FIRST COMMUNITY reports stable mortgage rates for refinance options. The 15 Year Fixed Refinance rate remains steady at 5.5%, unchanged from one week ago but up 12.5 basis points compared to 30 days prior. This level may increase the cost of borrowing for homeowners seeking shorter-term refinancing but still offers a relatively lower yield spread compared to longer terms. Meanwhile, the 30 Year Fixed Refinance rate holds at 6.375%, also unchanged week-over-week but up by 25 basis points over the last month, reflecting higher long-term borrowing costs.
Members focused on predictable payments should consider fixed-rate options given current stability; those evaluating refinancing should weigh potential savings against these incremental rate increases. For details, visit https://fccu.org/loans/home-loans/mortgage-refinances.
KNOXVILLE TVA EMPLOYEES CREDIT UNION
As of August 7, 2026, refinance rates for fixed-rate mortgages remain steady at 5.25% for the 15-Year Fixed-Rate Mortgage and 5.50% for the 30-Year Fixed-Rate Mortgage, with no change in yield spreads over the past week or month. These stable rates indicate consistent borrowing costs, providing predictability for members considering refinancing.
For Knoxville TVA Employees evaluating mortgage strategies, the 15-year fixed-rate refinance option offers the lowest rate at 5.25%, which may suit those prioritizing faster equity buildup and reduced total interest expense. The 30-year fixed-rate refinance at 5.50% provides longer-term payment stability but comes with a slightly higher yield spread.
Given unchanged rates, members should analyze their financial goals; those seeking rate security might consider fixed-rate options, while refinancing decisions should weigh potential savings against associated costs to optimize long-term affordability.
For details, visit https://www.tvacreditunion.com/borrow/loans/home-refinance.html.
LANGLEY FEDERAL CREDIT UNION
On August 7, 2026, Langley reports stable mortgage rates for refinance loans. The 30-year fixed refinance rate remains at 5.625%, unchanged from last week but down 25 basis points compared to 30 days ago, signaling a modest reduction in the cost of borrowing over the past month. Conversely, the 15-year fixed refinance rate holds steady at 5.75%, showing no change over both the past week and month.
For members considering refinancing, these shifts suggest that locking in a 30-year fixed rate now could offer lower long-term payments relative to last month’s higher yields. Meanwhile, borrowers prioritizing shorter terms face consistent pricing without recent declines. Evaluating your mortgage strategy with attention to these yield spreads can help optimize financing costs.
Consider fixed-rate options if stability is important or explore refinancing opportunities when projected savings outweigh associated expenses. For details, visit https://www.langleyfcu.org/mortgage-refinance.
NAVY FEDERAL CREDIT UNION
As of August 7, 2026, refinance rates at Navy Federal Credit Union show modest shifts impacting borrowing costs. The 15-year fixed refinance rate stands at 5.375% with 0.5 points, down by 12.5 basis points from last week but up slightly by 12.5 basis points compared to 30 days ago. Similarly, the 30-year fixed refinance rate is 5.75% with 0.625 points, also decreased by 12.5 basis points over seven days yet increased by the same margin since a month prior.
These fluctuations suggest a minor easing in short-term borrowing costs for members considering refinancing, particularly benefiting those seeking quicker loan payoff with the lower 15-year term rate, the lowest available today. Members should evaluate if locking in these rates aligns with their financial goals, especially given recent yield spread movements.
Consider reviewing your mortgage strategy; fixed-rate refinance options may offer predictable payments amid market variability. For details, visit https://www.navyfederal.org/loans-cards/mortgage/refinancing.html#:~:text=Refinance%20Rate%20Options,1.
SPACE COAST CREDIT UNION
On August 7, 2026, 15-year fixed refinance loans remain at a competitive 5.625%, unchanged from one week ago but up by 12.5 basis points compared to 30 days prior. Similarly, the 30-year fixed refinance rate holds steady at 6.375%, also unchanged week-over-week yet increased by 12.5 basis points versus a month ago. These modest yield spread widenings indicate slightly higher borrowing costs over the past month, which may influence refinancing decisions.
Members considering refinancing should evaluate the trade-off between locking in today’s rates and potential future movements; those prioritizing payment stability might favor the 15-year fixed refinance option, currently offering the lowest rate. For longer-term financing, the 30-year fixed refinance product presents a consistent cost structure despite recent small increases.
Given these trends, members are advised to assess refinancing viability carefully, focusing on whether projected savings exceed transaction costs under current rate conditions. For details, visit https://www.sccu.com/personal/mortgage-purchase-products/mortgage-refinance.
TROPICAL FINANCIAL CREDIT UNION
On August 7, 2026, 15-year fixed refinance rates remain stable at 5.75%, unchanged from last week but up 25 basis points over the past 30 days. Meanwhile, the 30-year fixed refinance rate increased by 12.5 basis points since last week, now at 6.75%, marking a 37.5 basis point rise over the month. These upward movements indicate a higher cost of borrowing for borrowers seeking to refinance, particularly impacting those aiming for longer-term stability with 30-year terms. Members considering refinancing should evaluate whether locking in current fixed rates aligns with their financial goals, especially given recent yield spread shifts. For those prioritizing predictability, the unchanged 15-year option may offer relative rate stability. Consider refinancing if potential savings outweigh closing costs and align with your mortgage strategy. For details, visit https://www.tropicalfcu.com/compare-florida-mortgage-home-refinance-rates.
Zillow National Average
As of August 7, 2026, mortgage rates are mixed. The 15-Year Fixed Rate Jumbo is currently at 6.281%, down by 1 basis point from yesterday, while the 30-Year Fixed Rate Jumbo has increased to 6.474%, up by 13 basis points in the same timeframe. Over the past week, the 15-Year Fixed Rate Jumbo has seen a notable rise of 28 basis points, indicating a potential upward trend in borrowing costs for this product. Conversely, the 30-Year Fixed Rate Jumbo remains relatively stable compared to last week. Borrowers should consider these changes when evaluating their options and make informed decisions based on current rates and market trends.
Federal Reserve Economic Trends
Inflation expectations, reflected in the Breakeven Inflation Rate, influence mortgage rates and borrowing costs. Currently, the 10-Year Breakeven Inflation Rate is steady at 2.260, while the 5-Year rate is at 2.230, indicating stable inflation outlooks. The most significant recent change occurred in the Mortgage 30Yr Jumbo Average Rates, which increased by 0.06 points over the past week to 6.744. Over 30 days, the Mortgage 30Yr Fha Average Rates rose by 0.20 points, now at 6.504, making it one of the lowest mortgage options available. As borrowers navigate these shifting rates, understanding these indicators can guide strategic financial decisions in an evolving economic landscape.
LendMesh
Every home has a story, and so does every mortgage. At LendMesh, we understand that life changes—maybe you’re welcoming a new family member, relocating for a dream job, or finally saving up for that perfect neighborhood. Our team has built relationships with a diverse range of credit unions and banks, allowing us to bring you up-to-date rates and special lending programs tailored for real life. You won’t find generic advice here; instead, you’ll get insights and tips that match your unique journey. Thinking about what comes next? Discover our Mortgage Loans page at https://www.lendmesh.com/loans/mortgage_loans and let us help you write your next chapter with confidence.
Conclusion
Looking ahead, even minor changes in mortgage rates matter more than they might seem. A quarter-point drop on a 30-year loan could shave hundreds off your monthly payment or thousands over the life of your mortgage. Given today’s data, consider locking in if you spot a competitive rate like the 5.25% 15-year fixed from Knoxville TVA Employees Credit Union or watch carefully if jumbo loans fit your needs as those rates fluctuate slightly downward. For homeowners thinking about refinancing, this could be an opportunity to reduce your interest burden or shorten your term without stretching your budget. Stay mindful of inflation trends; they often foreshadow future rate moves. Above all, weigh your personal financial goals against these market shifts, sometimes patience pays, but when rates align with your plan, acting decisively can secure lasting value.