The 30-year fixed mortgage rate fell to 6.65% for the week ending August 20, 2026, down from 6.67% the prior week, according to Freddie Mac’s Primary Mortgage Market Survey. This marks the second consecutive weekly decline after rates briefly climbed to 6.69% in early August. The 15-year fixed rate also dipped slightly to 5.95%. However, compared to August 2025 when the 30-year rate stood at 6.58%, current rates remain seven basis points higher. This stabilization offers marginal relief to homebuyers, but the housing market remains constrained by the lock-in effect preventing existing homeowners from selling.
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