Mortgage rates recently hit a 10-month low, with the average 30-year fixed-rate mortgage falling to around 6.56% for the week ending August 28, 2025, according to Freddie Mac’s Primary Mortgage Market Survey. (Freddie Mac)
While this is the lowest rate since October 2024, daily averages vary by source—Mortgage News Daily recorded a rate near 6.50%, with a slight uptick to 6.53% by September 2. (Mortgage News Daily+1) Money.com’s daily survey shows 6.662% as of September 3, reflecting pricing for top-tier borrowers and therefore not directly comparable to Freddie Mac’s broader weekly figures. (Money)
Average rates: September 3, 2025
Loan amount $300K – Down payment 20%
State – Indiana
Credit score 740
Conv. 30-yr fixed 6.375% – APR = 6.380%
Conv. 15-yr fixed 5.125% – APR = 5.150%
FHA 30-yr fixed 5.50% – APR = 6.040%
FHA 15-yr fixed 5.125% – APR = 5.520%
An annual percentage rate (APR) is a broader measure of the cost of borrowing money than the interest rate. The APR reflects the interest rate, any points, mortgage broker fees, and other charges that you pay to get the loan. ** APR is based on estimated finance charges of $ 7778.
