Mortgage rates today, August 4, 2025, have fallen slightly compared to last week, with the national average 30-year fixed mortgage rate dropping to 6.69%, down 13 basis points (0.13%) from 6.82%. Refinancing rates have similarly seen declines, with the 30-year fixed refinance rate dropping to 6.89%. Both mortgage and refinance rates show moderate decreases, offering potential saving opportunities for buyers and homeowners looking to refinance. These subtle rate drops come amid a Fed policy pause, signaling a market cautiously optimistic about easing borrowing costs later this year.

 

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Today’s Mortgage Rates – August 4, 2025: Rates Drop Nearly Across the Board