Mortgage Rates: A False Sense of Security? Mortgage interest rates have become a hot topic in the world of home ownership, particularly for prospective buyers and those looking to refinance their existing mortgages.
Last Saturday, August 8, 2026, saw mixed movement in these rates, with 30 year fixed rates falling by 7 basis points to 6. 61% while 15 year fixed rates rose by 11 basis points to 6. 01%.
The predictability of a 30 year fixed mortgage is often touted as one of its advantages – stable monthly payments from year to year. However, this assumes that rates will remain steady over the long term.