Mortgage and Refinance Rates Slightly Lower on August 2, 2026
On Sunday, August 2, 2026, mortgage rates in the U.S. showed a slight decline compared to the previous week according to data from Zillow's lender marketplace. The national average for the 30-year fixed-rate mortgage dropped by 10 basis points to 6.65%, while the 15-year fixed rate decreased slightly by 3 basis points to 6.01%. In contrast, the 5/1 adjustable-rate mortgage (ARM) increased marginally by one basis point to 6.65%. Refinance rates also saw minor changes: the average for a 30-year refinance rose slightly to 6.57%, while other terms like the 20- and 15-year fixed refinances remained relatively stable or declined marginally. VA loan rates, which are available to veterans and active-duty service members, were also reported with slight variations across different terms. The data provides a snapshot of current mortgage conditions for both purchase and refinance scenarios, offering insights into how borrowers might expect their monthly payments to be affected by these rate changes.
Tickers: $ZG
Topics: interest rates mortgages