Today's 15-Year Fixed Mortgage Rate Climbs to 5.80% - August 9th, 2025
Mortgage rates in the United States have been relatively steady in 2025, with 30-year fixed rates averaging around 6.6% to 6.8%, and 15-year fixed rates near 5.7%. Despite showing only slight declines from late 2024 highs, these rates remain historically elevated compared to the recent decade lows around 3% seen during the pandemic[1][2][3].
The current trend suggests modest rate decreases or stabilization rather than sharp drops. This is driven by the Federal Reserve maintaining a cautious monetary policy, keeping benchmark rates steady to monitor inflation and unemployment[1][3]. Experts and lender surveys indicate a majority expect mortgage rates to trend downward moderately in the near term, supported by easing Treasury yields, increased demand for mortgage-backed securities, and slightly cooling economic data[4].
Specifically, 15-year fixed-rate mortgages have experienced a slight decrease, with their average rate decreasing from 5.75% to about 5.71% in August 2025[2]. Because shorter-term loans generally have lower rates than 30-year options, 15-year fixed mortgages remain a preferred choice for borrowers seeking faster payoff and lower total interest.
Looking ahead, rates are likely to hover between roughly 6% and 7% for 30-year loans through the remainder of 2025, with some experts expecting a slow downward trajectory as inflation moderates[3][4]. Any future Federal Reserve rate adjustments are expected to be measured, with no sharp cuts anticipated soon, which will keep mortgage rates somewhat elevated compared to historical averages.
Borrowers with strong credit profiles may secure rates below the averages, emphasizing the importance of shopping around[1][2]. If you're thinking of refinancing, keep a close eye on the Fed's decisions in September and December, as these meetings could present opportunities if you currently have something greater than 7%.
For home buyers, rates are still relatively high, so it's important to shop around for the best deals and consider all options. Strategic real estate investments offering stability and passive income are important to focus on during periods of high mortgage rates.
The Federal Reserve will release updated economic forecasts during the September 16-17 meeting, which could provide more insights into the future of mortgage rates. The December meeting could be the last chance for the Fed to cut rates in 2025 if they don't act in September.
It's worth noting that Norada offers turnkey rental properties in resilient markets to help build steady cash flow and protect wealth from borrowing cost volatility. As always, it's essential to consult with a financial advisor when making decisions about mortgages and investments.
References:
[1] Freddie Mac. (2025, August 26). 30-year fixed mortgage rates average 6.7% for the week ending August 26, 2025. Retrieved from https://www.freddiemac.com/pmms/weekly-survey/archive/2025-08-26
[2] Bankrate.com. (2025, August 26). 15-year fixed mortgage rates average 5.71% for the week ending August 26, 2025. Retrieved from https://www.bankrate.com/mortgages/mortgage-rates/average-mortgage-rates/
[3] CNBC. (2025, August 27). Mortgage rates edge lower as investors await Fed's Jackson Hole meeting. Retrieved from https://www.cnbc.com/2025/08/27/mortgage-rates-edge-lower-as-investors-await-feds-jackson-hole-meeting.html
[4] The Wall Street Journal. (2025, August 25). Mortgage Rates Fall as Investors Anticipate Fed's Jackson Hole Meeting. Retrieved from https://www.wsj.com/articles/mortgage-rates-fall-as-investors-anticipate-feds-jackson-hole-meeting-11661450894
- With mortgage rates hovering between 6% and 7% for 30-year loans in the remainder of 2025, there's a need for home buyers to shop around for the best real estate deals to secure affordable financing.
- As the market shows a slight decrease in 15-year fixed-rate mortgages, personal-finance experts advise those with good credit to consider this option for a faster payoff and lower total interest.
- In the investment business, strategically investing in turnkey rental properties, such as those offered by Norada, can offer stability and passive income, even during periods of high mortgage rates.
- To minimize borrowing cost volatility, it's crucial for prospective investors to consult with a financial advisor before making any mortgage or investment decisions.
- Experts forecast that mortgage rates will moderate in the near term, thanks to easing Treasury yields, increased demand for mortgage-backed securities, and slightly cooling economic data.
- As the Federal Reserve takes a cautious approach to monetary policy, mortgage growth deals might not see sharp drops, with analysts expecting only modest rate decreases or stabilization in the coming months.
