Introduction
On August 14, 2026, mortgage rates hold steady with subtle shifts that could influence your borrowing decisions. Credit unions continue to offer competitive options for refinancing, while Zillow's national averages show a slight dip in jumbo loan rates. Notably, the lowest rate available today is a 5.25% 15-year fixed refinance from Knoxville TVA Employees Credit Union, providing an appealing choice for homeowners aiming to reduce interest costs without extending their loan term. Meanwhile, broader economic indicators from the Federal Reserve suggest a small easing in inflation expectations and average mortgage rates. Here’s what you need to know before locking in a rate, whether you’re buying your first home, investing, or refinancing to save.
At a glance
Refinance - Conventional 15 yrs Fixed
| Lender | 2026-08-14 Current | 2026-08-07 7 Days Ago | 2026-07-30 15 Days Ago | 2026-07-15 30 Days Ago | 2026-06-30 45 Days Ago | 2026-06-15 60 Days Ago | 2026-05-16 90 Days Ago | 2026-02-15 180 Days Ago |
|---|---|---|---|---|---|---|---|---|
| KNOXVILLE TVA EMPLOYEES CREDIT UNIONLOWEST | 5.25% | 5.25% | 5.25% | 5.25% | 5.25% | 5.25% | 5.25% | 5.25% |
| NAVY FEDERAL CREDIT UNION | 5.38% | 5.38% | 5.50% | 5.38% | 5.25% | 5.38% | 5.13% | 4.75% |
| FIRST COMMUNITY CREDIT UNION | 5.50% | 5.50% | 5.50% | 5.38% | 5.38% | 5.38% | 5.13% | 4.88% |
| SPACE COAST CREDIT UNION | 5.63% | 5.63% | 5.63% | 5.50% | 5.50% | 5.50% | 5.75% | 5.50% |
| TROPICAL FINANCIAL CREDIT UNION | 5.75% | 5.75% | 5.75% | 5.63% | 5.50% | 5.50% | 5.38% | 5.00% |
| CONNECTICUT STATE EMPLOYEES CREDIT UNION | 5.88% | 5.88% | 6.13% | 6.00% | 5.88% | 5.40% | 5.40% | 5.40% |
| AFFINITY PLUS FEDERAL CREDIT UNION | 6.13% | 6.13% | 6.13% | 6.00% | 5.88% | 5.88% | 5.75% | 5.38% |
| MOUNTAIN AMERICA FEDERAL CREDIT UNION | 6.74% | 6.74% | 6.74% | 6.74% | 6.74% | 6.74% | 7.50% | 6.74% |
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 | 2026-08-14 Current | 2026-08-07 7 Days Ago | 2026-07-30 15 Days Ago | 2026-07-15 30 Days Ago | 2026-06-30 45 Days Ago | 2026-06-15 60 Days Ago | 2026-05-16 90 Days Ago | 2026-02-15 180 Days Ago |
|---|---|---|---|---|---|---|---|---|
| KNOXVILLE TVA EMPLOYEES CREDIT UNIONLOWEST | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | 5.88% |
| NAVY FEDERAL CREDIT UNION | 5.75% | 5.75% | 5.88% | 5.75% | 5.63% | 6.88% | 6.75% | 5.25% |
| FIRST COMMUNITY CREDIT UNION | 6.38% | 6.38% | 6.38% | 6.13% | 6.13% | 6.25% | 6.00% | 5.63% |
| MOUNTAIN AMERICA FEDERAL CREDIT UNION | 6.38%▼ 12 bps | 6.49% | 6.49% | 6.38% | 6.25% | 6.38% | 7.75% | 5.88% |
| SPACE COAST CREDIT UNION | 6.38% | 6.38% | 6.38% | 6.25% | 6.25% | 6.25% | 6.50% | 6.25% |
| CONNECTICUT STATE EMPLOYEES CREDIT UNION | 6.50% | 6.50% | 6.75% | 6.50% | 6.38% | N/A | N/A | N/A |
| AFFINITY PLUS FEDERAL CREDIT UNION | 6.75% | 6.75% | 6.75% | 6.50% | 6.38% | 6.38% | 6.25% | 5.88% |
| TROPICAL FINANCIAL CREDIT UNION | 6.75% | 6.75% | 6.63% | 6.50% | 6.38% | 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.
AFFINITY PLUS FEDERAL CREDIT UNION
As of August 14, 2026, 15-Year Fixed-Rate Conventional Refinance loans remain at 6.125%, unchanged from one week ago but up 12.5 basis points compared to 30 days prior. Meanwhile, the 30-Year Fixed-Rate Conventional Refinance holds steady at 6.75%, also flat over seven days but increased by 25 basis points versus a month ago. These rising yields indicate higher borrowing costs for homeowners seeking to refinance, potentially impacting monthly payments and overall interest expenses. Borrowers prioritizing payment stability might consider the 15-year fixed option, which offers lower rates despite slightly higher monthly obligations. Evaluating refinancing feasibility should involve comparing projected savings against closing costs amid these moderate rate upticks. For details, visit https://www.affinityplus.org/rates/mortgage-rates.
CONNECTICUT STATE EMPLOYEES CREDIT UNION
As of August 14, 2026, 15 Year Fixed Refinance rates remain steady at 5.875%, unchanged from one week ago but down by 12.5 basis points compared to 30 days prior. This decline slightly reduces the long-term cost of borrowing for homeowners seeking shorter-term stability and faster equity buildup. Meanwhile, the 30 Year Fixed Refinance rate holds firm at 6.5%, showing no change over the past week or month, maintaining consistent yield spreads for those prioritizing lower monthly payments over loan duration.
For members evaluating mortgage strategies, the persistent low rate on the 15-year fixed option may favor those aiming to refinance and minimize interest expense over time. Conversely, the stable 30-year fixed rate supports steady budgeting without refinancing urgency. Consider your refinancing options carefully, especially if projected savings exceed associated costs.
For details, visit https://www.csecreditunion.com/Rates/Loan-Rates#firstmortgage.
FIRST COMMUNITY CREDIT UNION
As of August 14, 2026, 15 Year Fixed Refinance rates hold steady at 5.5%, unchanged over the past week but up by 12.5 basis points compared to 30 days ago. Meanwhile, the 30 Year Fixed Refinance rate remains at 6.375%, also stable weekly but increased by 25 basis points month-over-month. These yield spreads indicate a modest rise in borrowing costs over the last month, affecting long-term refinancing affordability.
For members prioritizing payment stability and shorter payoff periods, the 15 Year Fixed option offers a lower rate and less exposure to interest fluctuations. Conversely, those seeking longer amortization will face higher rates on the 30 Year Fixed product, impacting total interest paid. Evaluating your mortgage strategy with current rates can help identify opportunities to optimize debt service or reduce loan duration.
Consider fixed-rate refinancing if locking in today’s yields aligns with your financial goals and anticipated market trends. For details, visit https://fccu.org/loans/home-loans/mortgage-refinances.
KNOXVILLE TVA EMPLOYEES CREDIT UNION
As of August 14, 2026, mortgage rates for refinance loans remain steady for KNOXVILLE TVA EMPLOYEES members. The 15-Year Fixed-Rate Mortgage holds at 5.25% with 3.0 points, unchanged over the past week and month, indicating stable borrowing costs for those prioritizing shorter terms and faster equity build-up. Similarly, the 30-Year Fixed-Rate Mortgage stands at 5.50% with 1.0 point, also unchanged week-over-week and month-over-month, maintaining its position as the lowest long-term fixed rate in recent months.
For members considering refinancing, these flat rate trends suggest predictable payment schedules without upward pressure on yield spreads. Borrowers seeking cost stability may find fixed-rate options advantageous amid this rate plateau.
Evaluate your mortgage strategy carefully; if current rates align with your financial goals, consider refinancing to lock in consistent payments and potentially reduce long-term interest expenses.
For details, visit https://www.tvacreditunion.com/borrow/loans/home-refinance.html.
MOUNTAIN AMERICA FEDERAL CREDIT UNION
On August 14, 2026, 30-Year Fixed Refinance rates decreased by 11.5 basis points compared to last week, now at 6.375%, matching the rate from 30 days ago. This decline lowers the long-term cost of borrowing for homeowners considering refinancing, potentially improving monthly cash flow and total interest savings over time. Meanwhile, the 15-Year Fixed Refinance rate remains steady at 6.74%, showing no change over the past week or month, providing a consistent option for borrowers prioritizing faster principal repayment.
Members evaluating mortgage strategies should consider that the 30-year fixed refinance option currently offers the most competitive yield spread, ideal for those seeking stability with lower monthly payments. Conversely, borrowers focused on shortening loan duration may prefer the stable 15-year fixed rate. Assess your refinancing costs against potential savings to make informed decisions.
For details, visit https://www.macu.com/loans/home-loans/refinance.
NAVY FEDERAL CREDIT UNION
As of August 14, 2026, Navy Federal Credit Union’s refinance mortgage rates remain steady for both 15-year fixed and 30-year fixed terms. The 15-year fixed refinance rate holds at 5.375%, unchanged from one week ago, representing the lowest rate available among today’s options. Similarly, the 30-year fixed refinance rate stays flat at 5.75%, with no movement over the past seven or thirty days.
For members considering refinancing, stable yields suggest no immediate cost increase in borrowing; however, current rates are elevated compared to six months ago by approximately 63 to 100 basis points. This environment favors borrowers seeking predictable payments through fixed-rate loans. Those aiming to reduce long-term interest expenses should evaluate if refinancing benefits outweigh associated fees given today’s rates.
Consider fixed-rate refinancing options for stability and assess your mortgage strategy accordingly. For details, visit https://www.navyfederal.org/loans-cards/mortgage/refinancing.html#:~:text=Refinance%20Rate%20Options,1.
SPACE COAST CREDIT UNION
On August 14, 2026, 15-year and 30-year fixed refinance rates at SPACE COAST remain steady at 5.625% and 6.375%, respectively, showing no change from last week. However, compared to 30 days ago, these rates have increased by 12.5 basis points, indicating a modest rise in the cost of borrowing over the past month. The 15-year fixed refinance rate at 5.625% remains the lowest available option, favoring members seeking shorter-term stability and faster equity build-up. For borrowers prioritizing long-term fixed payments, the 30-year fixed refinance rate at 6.375% reflects current market pressures with slightly higher yield spreads than a month ago. Members evaluating refinancing should consider these recent rate trends carefully; those valuing payment consistency may prefer fixed-rate options while assessing whether potential savings justify refinancing costs. For details, visit https://www.sccu.com/personal/mortgage-purchase-products/mortgage-refinance.
TROPICAL FINANCIAL CREDIT UNION
As of August 14, 2026, 15-year fixed refinance loans maintain the lowest rate at 5.75%, unchanged from one week ago but up 12.5 basis points compared to 30 days prior. This slight increase reflects a modest rise in borrowing costs for shorter-term fixed options. Meanwhile, the 30-year fixed refinance rate remains steady at 6.75%, unchanged over the past week but increased by 25 basis points versus a month ago, indicating higher long-term yield spreads.
For members refinancing, these trends suggest evaluating whether locking in current fixed rates aligns with your financial goals, especially given recent upward shifts. First-time buyers and those seeking stability may favor fixed terms despite incremental cost increases; consider the impact on monthly payments and overall interest expense before committing.
Data-driven decisions remain key: assess your refinancing options carefully if potential savings exceed transaction costs or if predictable payments are a priority.
For details, visit https://www.tropicalfcu.com/compare-florida-mortgage-home-refinance-rates.
Zillow National Average
As of August 14, 2026, mortgage rates are mixed for jumbo loans. The 15-Year Fixed Rate Jumbo is currently at 6.298%, reflecting a 5 basis point increase from yesterday and a 10 basis point decrease over the past month. In contrast, the 30-Year Fixed Rate Jumbo has decreased to 6.462%, down by 9 basis points from the previous day but up slightly over the past month. Borrowers may find opportunities in these fluctuations; however, with current rates still elevated compared to historical norms, it remains essential to evaluate long-term financial implications when considering a mortgage.
Federal Reserve Economic Trends
Recent data indicates that inflation expectations, as reflected in the Breakeven Inflation Rates for 10-year and 5-year periods, remain stable at 2.240% and 2.210% respectively. This stability suggests that mortgage rates could continue to reflect current borrowing costs without significant fluctuation. Over the past week, the Mortgage 30Yr Jumbo Average Rates saw the largest increase of 0.10 points, now at 6.744%, while the lowest rate recorded is the Mortgage 15Yr Average Rate at 5.960%. Borrowers should consider these trends when evaluating their mortgage options, as rising rates may impact affordability and overall borrowing costs. Staying informed about these changes can help in making prudent financial decisions.
LendMesh
The path to homeownership can look different for everyone—maybe you’re taking things slow or perhaps you’re ready to make a move this season. At LendMesh, we see it all: teachers, business owners, families with big dreams, and retirees searching for something smaller. What unites them? The need for clear, unbiased advice. Our advisors connect you with a blend of community-focused credit unions and reputable banks, all on a platform built for real life, not just sales pitches. From understanding rate changes to budgeting for closing costs, our resources make your next steps easier. Discover how we can help by visiting our Mortgage Loans page: https://www.lendmesh.com/loans/mortgage_loans . Your story is unique, and your mortgage should be too.
Conclusion
As mortgage rates edge lower by small but meaningful amounts, even a quarter-point change can translate into significant savings over time. For example, locking in a 5.25% 15-year fixed refinance today could reduce monthly payments and total interest compared to higher-rate loans just weeks ago. Keep an eye on inflation trends and lender offers; stable or falling rates mean it's worth reviewing your options regularly. If you’re considering refinancing or purchasing, weigh the benefits of shorter terms against monthly affordability. Being proactive now could improve your financial comfort for years ahead. Remember, small shifts in rates are more than numbers, they shape your homeownership journey and long-term wealth building.