Introduction
As of August 29, 2026, mortgage rates are showing subtle shifts that could shape your homebuying or refinancing plans. Whether you’re eyeing a purchase or considering adjustable options, there’s good news in today’s numbers. The lowest rate available is a 3.858% adjustable-rate mortgage from Coast Central Credit Union, offering a competitive edge for borrowers open to ARM products. Meanwhile, Zillow reports the 15-year fixed jumbo loan at 6.125%, slightly down from last week, signaling opportunities for those wanting shorter terms with predictable payments. On the economic front, inflation expectations have dipped marginally according to the Federal Reserve’s breakeven rates, hinting at a stable environment for borrowing costs. Here’s what you need to know before locking in a rate and how these small movements could affect your next step.
New Purchase - Adjustable
| Lender | Term | 2026-08-29 Current | 2026-08-22 7 Days Ago | 2026-08-14 15 Days Ago | 2026-07-30 30 Days Ago | 2026-07-15 45 Days Ago | 2026-06-30 60 Days Ago | 2026-05-31 90 Days Ago | 2026-03-02 180 Days Ago |
|---|---|---|---|---|---|---|---|---|---|
| ALABAMA CREDIT UNION | 3 yrs 5 yrs 7 yrs 10 yrs 30 yrs | 5.00% 5.50% 5.88% 6.00% 6.50% | 5.00% 5.50% 5.88% 6.00% 6.50% | 5.00% 5.50% 5.88% 6.00% 6.50% | 5.00% 5.50% 5.88% 6.00% 6.50% | 5.00% 5.50% 5.88% 6.00% 6.50% | 5.00% 5.50% 5.88% 6.00% 6.50% | 5.00% 5.50% 5.88% 6.00% 6.50% | 5.00% 5.50% 5.88% 6.00% 6.50% |
| COAST CENTRAL CREDIT UNION | 0 yrs 30 yrs | 3.86% | 3.86% | 3.86% | 3.86% | 3.86% | 3.86% | 3.86% | 4.00% |
| LIGHTHOUSE FEDERAL CREDIT UNION | 3 yrs 5 yrs 7 yrs 10 yrs 30 yrs 40 yrs | 4.88% 5.63% 5.63% 5.63% 5.75% 5.75% 5.75% 5.75% 5.75% 6.13% 6.13% 6.13% 6.13% | 4.88% 5.63% 5.63% 5.63% 5.75% 5.75% 5.75% 5.75% 5.75% 6.13% 6.13% 6.13% 6.13% | 5.63% 5.63% 5.75% 5.75% 6.13% | 5.75% 5.75% 5.75% 5.88% 5.88% 5.88% 5.88% 5.88% 6.25% 6.25% 6.25% 6.25% | 4.75% 5.50% 5.50% 5.50% 5.63% 5.63% 5.63% 5.63% 5.63% 6.00% 6.00% 6.00% 6.00% | 4.63% 5.38% 5.38% 5.38% 5.50% 5.50% 5.50% 5.50% 5.50% 5.88% 5.88% 5.88% 5.88% | 5.63% 5.63% 5.63% 5.75% 5.75% 5.75% 6.13% 6.13% 6.13% | N/A |
Sorted by current rate, lowest first. Scroll sideways for rate history. ▼ means the current rate is lower than last week, ▲ higher.
ALABAMA CREDIT UNION
As of August 29, 2026, Alabama mortgage rates for adjustable-rate mortgages remain stable across all terms. The 3/1 ARM First Mortgage, offering the lowest rate at 5.0%, shows no change over the past week or month, maintaining a consistent cost of borrowing for first-time buyers and those seeking short-term rate adjustments. Similarly, the 5/5 ARM stands steady at 5.875%, and the 7/1 ARM holds at 6.0%. The longer-term 10/1 ARM, priced at 6.5% with 0.5 points, also remains unchanged.This stability in yield spreads suggests minimal immediate impact on monthly payments for purchasers choosing adjustable options today. Members valuing predictable payments should evaluate fixed-rate alternatives elsewhere; those comfortable with potential adjustments may benefit from current rates.Given steady rates, consider assessing your mortgage strategy based on loan term preferences and market trends; refinancing could be advantageous if future rate shifts occur. For details, visit https://www.alabamacu.com/lending/home-loans/mortgage-rates.
COAST CENTRAL CREDIT UNION
As of August 29, 2026, the Adjustable-Rate Mortgage (ARM) for Purchase remains steady at 3.858%, showing no change over the past 7 and 30 days. This stability in yield spreads indicates a consistent cost of borrowing for members considering adjustable-rate options. For first-time buyers or those seeking initial affordability, this rate offers predictability in short-term payments, although future adjustments should be monitored closely. Veterans and refinancing members might evaluate if an ARM aligns with their long-term financial strategy, especially given current unchanged rates. Given these stable conditions, members should consider fixed-rate alternatives if they prioritize payment stability or evaluate refinancing opportunities when potential savings outweigh transaction costs. For details, visit https://www.coastccu.org/personal/mortgage-loans/.
LIGHTHOUSE FEDERAL CREDIT UNION
On August 29, 2026, adjustable-rate mortgages (ARMs) for home purchases remain steady compared to last week, with no change in yield spreads across all ARM products. The 3/1 ARM (Conforming) and Home 97 5/1 ARM hold the lowest rates at 5.625%, reflecting a 12.5 basis point decrease from 30 days ago. Longer-term ARMs such as the 40-Year 7/1 ARM and Home 100 7/1 ARM are priced slightly higher at 5.75%, while the Home 100 10/1 ARM stands at 6.125%, also down by 12.5 basis points month-over-month.These rate adjustments may improve borrowing costs for buyers favoring adjustable terms, especially those prioritizing lower initial payments. First-time buyers could benefit from the lower short-term rates, whereas veterans or high-balance borrowers should assess their tolerance for rate resets given market stability this week. Members should consider evaluating mortgage strategies carefully; if payment predictability is crucial, fixed-rate alternatives may be preferable despite current unavailability here.For data-driven decisions on purchase financing, consider refinancing options if potential savings outweigh closing costs. For details, visit https://www.lighthousecu.org/loans/home/mortgages/#rates.
Zillow National Average
As of August 29, 2026, mortgage rates are mixed for the 15-Year Fixed Rate Jumbo and 30-Year Fixed Rate Jumbo products. The 15-Year Fixed Rate Jumbo remains steady at 6.125%, showing no change from yesterday but down 0.03% over the past week. In contrast, the 30-Year Fixed Rate Jumbo also holds at 6.473%, with a slight increase of 0.07% in the last week. Borrowers may find stability in shorter-term fixed options, while those considering longer terms face a marginal increase in borrowing costs. Monitoring these fluctuations is crucial for making informed mortgage decisions in the current market climate.
Federal Reserve Economic Trends
Current inflation expectations are reflected in the Breakeven Inflation Rates, with the 10-Year rate steady at 2.310% and the 5-Year rate unchanged at 2.300%. Mortgage rates remain elevated, with the Mortgage 30Yr Average Rate at 6.660%. Notably, Mortgage 30Yr Usda Average Rates have decreased by 0.07 points over the past week, while the 30Yr Jumbo Average Rates fell by 0.08 points in the last month, indicating a slight easing in borrowing costs. The lowest mortgage rate recorded is the 15-Year Average Rate at 5.980%. Borrowers should stay informed about these trends as they influence financing decisions and overall affordability in the housing market.
LendMesh
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Conclusion
Looking ahead, even minor changes in rates can make a big difference over time. A shift of just a few basis points might seem small but can add up to hundreds on your monthly payment or thousands in interest across your loan’s life. If you qualify, exploring adjustable-rate mortgages like the Coast Central 3.858% ARM could offer lower initial payments and flexibility. For those set on fixed loans, keeping an eye on jumbo and FHA options through Zillow and FRED data helps ensure you don’t miss better terms as they appear. Remember, the key is balancing your financial comfort with long-term goals, locking in too early or waiting too long both carry risks. Stay informed about rate trends and inflation signals; this knowledge empowers smarter decisions that protect your budget and homeownership dreams.