Introduction
On August 28, 2026, mortgage rates are holding steady across several credit unions and national averages, giving homebuyers and refinancers a moment to catch their breath. If you’re eyeing a refinance or a new home loan, today’s lowest rate comes from Knoxville TVA Employees with a 15-year fixed-rate mortgage at 5.25%, offering an attractive path to paying down your home faster. Meanwhile, Zillow reports a slight dip in the 15-year jumbo fixed rate to 6.109%, and broader economic data from the Federal Reserve shows inflation expectations easing just a touch. Here’s what you need to know before locking in a rate, small shifts can make a big difference on your monthly payment and long-term interest.
At a glance
Refinance - Conventional 15 yrs Fixed
| Lender | 2026-08-28 Current | 2026-08-21 7 Days Ago | 2026-08-13 15 Days Ago | 2026-07-29 30 Days Ago | 2026-07-14 45 Days Ago | 2026-06-29 60 Days Ago | 2026-05-30 90 Days Ago | 2026-03-01 180 Days Ago |
|---|---|---|---|---|---|---|---|---|
| KNOXVILLE TVA EMPLOYEES CREDIT UNIONLOWEST | 5.25% | 5.25% | 5.25% | 5.25% | 5.25% | 5.25% | 5.25% | 5.13% |
| FIRST COMMUNITY CREDIT UNION | 5.50% | 5.50% | 5.50% | 5.50% | 5.38% | 5.38% | 5.50% | 4.75% |
| NECHES FEDERAL CREDIT UNION | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | N/A | N/A |
| SPACE COAST CREDIT UNION | 5.63% | 5.63% | 5.63% | 5.63% | 5.50% | 5.50% | 5.63% | 5.25% |
| LANGLEY FEDERAL CREDIT UNION | 5.75% | 5.75% | 5.75% | 5.75% | 5.75% | 5.75% | 5.75% | 5.25% |
| LAUNCH CREDIT UNION | 5.75% | 5.75% | 5.75% | 5.50% | 5.50% | 5.50% | N/A | N/A |
| TROPICAL FINANCIAL CREDIT UNION | 5.75% | 5.75% | 5.75% | 5.75% | 5.63% | 5.50% | 5.63% | 5.00% |
| CONNECTICUT STATE EMPLOYEES CREDIT UNION | 5.88%▲ 47 bps | 5.40% | 5.88% | 6.13% | 6.00% | 5.88% | 5.40% | 5.40% |
| AFFINITY PLUS FEDERAL CREDIT UNION | 6.13% | 6.13% | 6.13% | 6.13% | 6.00% | 5.88% | 5.88% | 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 | 2026-08-28 Current | 2026-08-21 7 Days Ago | 2026-08-13 15 Days Ago | 2026-07-29 30 Days Ago | 2026-07-14 45 Days Ago | 2026-06-29 60 Days Ago | 2026-05-30 90 Days Ago | 2026-03-01 180 Days Ago |
|---|---|---|---|---|---|---|---|---|
| KNOXVILLE TVA EMPLOYEES CREDIT UNIONLOWEST | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | 5.50% | 5.75% |
| LANGLEY FEDERAL CREDIT UNION | 5.63% | 5.63% | 5.63% | 5.63% | 5.63% | 5.63% | 5.63% | 4.99% |
| LAUNCH CREDIT UNION | 6.25% | 6.25% | 6.25% | 6.00% | 6.00% | 6.00% | N/A | N/A |
| NECHES FEDERAL CREDIT UNION | 6.25% | 6.25% | 6.25% | 6.25% | 6.25% | 6.25% | N/A | N/A |
| FIRST COMMUNITY CREDIT UNION | 6.38% | 6.38% | 6.38% | 6.38% | 6.13% | 6.13% | 6.25% | 5.50% |
| SPACE COAST CREDIT UNION | 6.38% | 6.38% | 6.38% | 6.38% | 6.25% | 6.25% | 6.38% | 6.00% |
| CONNECTICUT STATE EMPLOYEES CREDIT UNION | 6.50% | N/A | 6.50% | 6.75% | 6.50% | 6.38% | N/A | N/A |
| TROPICAL FINANCIAL CREDIT UNION | 6.63% | 6.63% | 6.75% | 6.63% | 6.50% | 6.38% | 6.50% | 5.75% |
| AFFINITY PLUS FEDERAL CREDIT UNION | 6.75% | 6.75% | 6.75% | 6.75% | 6.50% | 6.38% | 6.50% | 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 28, 2026, 15-Year Fixed-Rate Conventional refinance loans maintain a steady rate at 6.125%, unchanged over the past week and month. This rate represents the lowest yield in today’s table, holding stable since recent fluctuations 30 to 60 days ago. Similarly, the 30-Year Fixed-Rate Conventional refinance remains fixed at 6.75%, with no change compared to one week and one month ago.For members considering refinancing, these consistent rates suggest predictable borrowing costs without recent upward pressure in yield spreads. Borrowers seeking shorter-term stability may find the 15-year fixed option advantageous for reducing total interest paid over time, while longer-term planners might evaluate the trade-offs between higher rates and extended amortization with the 30-year fixed product.Given current market steadiness, members should assess their refinancing goals against these stable rate environments; consider fixed-rate options if prioritizing payment certainty or evaluate potential savings if your existing mortgage rate exceeds today’s offerings. For details, visit https://www.affinityplus.org/rates/mortgage-rates.
CONNECTICUT STATE EMPLOYEES CREDIT UNION
As of August 28, 2026, the 15 Year Fixed Refinance mortgage rate stands at 5.875%, marking an increase of 47.5 basis points compared to one week ago. This recent rise reflects a tightening in yield spreads and an uptick in the overall cost of borrowing for short-term fixed refinances. However, rates remain 25 basis points lower than 30 days ago, indicating some easing over the past month.For members considering refinancing, this volatility suggests a need to carefully evaluate timing and loan terms. Borrowers seeking predictable payments may find the 15-year fixed refinance option suitable despite short-term rate fluctuations. Given current trends, it is prudent to assess whether potential interest savings outweigh closing costs before proceeding.Consider monitoring these movements closely and reviewing your mortgage strategy accordingly. For details, visit https://www.csecreditunion.com/Rates/Loan-Rates#firstmortgage.
FIRST COMMUNITY CREDIT UNION
As of August 28, 2026, 15-Year Fixed and 30-Year Fixed Refinance rates remain steady at 5.5% and 6.375%, respectively. These unchanged rates over the past week indicate stability in yield spreads and borrowing costs for homeowners considering refinancing. The 15-Year Fixed Refinance maintains the lowest rate option available, which may benefit members prioritizing shorter loan terms and faster equity building. Meanwhile, the 30-Year Fixed Refinance offers consistent long-term financing costs without recent volatility.For members evaluating mortgage strategies, fixed-rate products provide predictable payments amid stable market conditions. Those seeking to reduce long-term interest expenses might consider refinancing if current rates lead to meaningful savings relative to closing costs. Careful assessment of loan terms against personal financial goals remains essential.For details, visit https://fccu.org/loans/home-loans/mortgage-refinances.
KNOXVILLE TVA EMPLOYEES CREDIT UNION
As of August 28, 2026, mortgage rates for refinance options remain steady. The 15-Year Fixed-Rate Mortgage holds at 5.25% with 3.0 points, unchanged from both one week and one month ago, maintaining a consistent cost of borrowing over recent periods. Meanwhile, the 30-Year Fixed-Rate Mortgage remains at 5.50% with 1.0 point, also stable compared to last week and last month. These rates suggest limited yield spread movement in fixed-rate refinance products, preserving predictable payment structures for borrowers.For members considering refinancing, the stability in these fixed-rate options supports evaluating potential long-term interest savings without rate volatility concerns. Borrowers prioritizing payment certainty may find the 15-year term at 5.25% particularly advantageous given its lower rate relative to longer terms.Consider your refinancing strategy carefully; when projected savings exceed associated costs, locking in fixed rates can reduce overall financial exposure.For details, visit https://www.tvacreditunion.com/borrow/loans/home-refinance.html.
LANGLEY FEDERAL CREDIT UNION
As of August 28, 2026, Langley credit union reports stable mortgage rates across refinance products. The 30-year fixed refinance rate remains at 5.625%, unchanged over the past 7 and 30 days, reflecting steady yield spreads and consistent borrowing costs. Similarly, the 15-year fixed refinance rate holds at 5.75%, with no movement in the last week or month. These rates have remained elevated compared to six months ago but stable in the short term, offering predictability for members considering loan adjustments.For homeowners evaluating refinancing, these fixed rates provide a clear baseline for cost analysis; those prioritizing payment stability may find these terms suitable. First-time buyers and veterans should monitor market shifts closely, as government-backed options are not currently listed. Members are advised to assess whether refinancing benefits outweigh associated fees based on these consistent rates.Consider your mortgage strategy carefully; refinancing may reduce long-term costs if projected savings exceed refinancing expenses. For details, visit https://www.langleyfcu.org/mortgage-refinance.
LAUNCH CREDIT UNION
As of August 28, 2026, refinance fixed-rate mortgages show stable pricing compared to last week, with the 15 Year Fixed at 5.75% and the 30 Year Fixed at 6.25%, both unchanged over seven days. However, rates have increased by 25 basis points over the past 30 days, reflecting wider yield spreads and a higher cost of borrowing relative to a month ago. For members refinancing their loans, this suggests a moderate increase in monthly payments compared to early August. Borrowers prioritizing payment stability may find fixed-rate options appropriate despite recent upticks. Evaluating refinancing should focus on long-term savings potential against current rate levels; consider your loan term and financial goals carefully before proceeding. For details, visit https://www.launchcu.com/rates/#panel1_8.
NECHES FEDERAL CREDIT UNION
As of August 28, 2026, 15-year fixed refinance loans remain at a stable rate of 5.50%, unchanged over the past week and month. This steady yield reflects consistent borrowing costs for members seeking shorter-term refinancing options with lower total interest payments. Meanwhile, the 30-year fixed refinance rate holds firm at 6.25%, showing no movement in recent weeks. Borrowers targeting longer amortization periods face a higher cost of borrowing but benefit from predictable monthly payments.For members evaluating refinancing strategies, these unchanged rates suggest a favorable environment to lock in fixed-rate terms if stability is a priority. Given the current yield spreads, consider the trade-off between monthly payment size and total interest outlay when selecting loan terms. Veterans and first-time buyers should assess their long-term financial goals against these static rates.Consider refinancing if projected savings exceed associated costs, especially under fixed-rate plans to mitigate future market volatility. For details, visit https://www.nechesfcu.org/personal/home-loans/refinances/#rates.
SPACE COAST CREDIT UNION
As of August 28, 2026, fixed-rate refinance mortgage rates on the Space Coast remain stable. The 15-year fixed refinance rate holds at 5.625%, unchanged over the past week and month, reflecting steady yield spreads in shorter-term fixed loans. Meanwhile, the 30-year fixed refinance rate stands at 6.375%, also without change compared to one week and one month ago. These consistent rates suggest a stable cost of borrowing for members considering refinancing.For homeowners seeking to reduce monthly payments or shorten loan terms, the 15-year fixed refinance option at 5.625% presents the lowest current yield. Members should consider their financial goals and evaluate whether locking in these stable rates aligns with their mortgage strategy. Given no recent upward movement, assessing refinancing may help optimize long-term interest expenses.Consider fixed-rate options if you value payment predictability; evaluate your refinancing potential carefully against associated costs. For details, visit https://www.sccu.com/personal/mortgage-purchase-products/mortgage-refinance.
TROPICAL FINANCIAL CREDIT UNION
As of August 28, 2026, 15-year fixed refinance loans remain at a stable 5.75%, holding steady with no change over the past week or month. This rate represents the lowest available refinancing option today, maintaining a favorable yield spread for borrowers prioritizing shorter-term debt repayment and lower overall interest costs. Meanwhile, the 30-year fixed refinance rate also remains unchanged at 6.625%, consistent with levels from one and thirty days ago. The stability in these rates suggests predictable borrowing costs for members considering refinancing. For those evaluating mortgage strategies, fixed-rate refinances continue to offer cost certainty amid broader market fluctuations. Members should assess if locking in current rates aligns with their financial goals, particularly when long-term savings exceed refinancing expenses. For details, visit https://www.tropicalfcu.com/compare-florida-mortgage-home-refinance-rates.
Zillow National Average
As of today, August 28, 2026, mortgage rates have experienced slight movements. The 15-Year Fixed Rate Jumbo is currently at 6.109%, down by 0.10 basis points from yesterday and showing a decrease of 0.04 basis points over the past week. In contrast, the 30-Year Fixed Rate Jumbo has increased to 6.411%, rising by 0.06 basis points in one day. Over the last month, the 15-Year Fixed Rate Jumbo has decreased by 0.07 basis points, while the longer-term product remains relatively stable compared to its rate from 30 days ago. Borrowers may find opportunities with the lower rates on shorter-term loans, but should carefully consider their options based on overall market trends.
Federal Reserve Economic Trends
Inflation expectations, reflected in the Breakeven Inflation Rates, can significantly influence mortgage rates and the overall cost of borrowing. Currently, the Mortgage 30Yr Average Rate stands at 6.660%, with a minimal increase of 0.01 points over the past week. Notably, the Mortgage 30Yr Usda Average Rate has seen the largest decline of 0.07 points in the last seven days. Over thirty days, the most considerable drop was in the Mortgage 30Yr Jumbo Average Rate, decreasing by 0.08 points. Borrowers may find opportunities amid these fluctuations, particularly with rates like the lowest mortgage rate of 5.980% for a 15-year term. Monitoring these changes can inform better financial decisions.
LendMesh
Every homebuyer’s journey is unique, but the need for trustworthy information is universal. That’s why LendMesh brings together a wide network of banks and credit unions, offering you the best mortgage rates and personal guidance you won’t find anywhere else. Our mission is to simplify the complex, whether you’re curious about pre-qualification, interested in refinancing, or planning a long-term financial future. We combine human stories with financial know-how, making it easier for you to step into the home you love. Take your next step by visiting our Mortgage Loans page: https://www.lendmesh.com/loans/mortgage_loans . because at LendMesh, your story matters.
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Conclusion
As you consider your next mortgage move, remember that even small changes in rates can translate into significant savings or added costs over time. The stability in most credit union fixed rates combined with the Federal Reserve’s subtle inflation pullback suggests this could be a good moment for refinancing or buying if you find terms that fit your budget. Focus on your financial goals and how long you plan to stay in your home; for many, opting for a 15-year fixed-rate loan at around 5.25% can cut years off payments and reduce total interest substantially. Take your time reviewing offers, ask questions about points and fees, and weigh the impact on monthly cash flow, this approach will help you make a confident decision tailored to your unique situation.