Today’s mortgage and refinance rates: August 21, 2022 | Rates fluctuate again thanks to uncertain economic climate

Mortgage rates have generally been trending down from their June peak, when the average 30-year fixed rate hit 5.81%. But uncertain economic conditions have led to some volatility, which has caused rates to increase over the past few days.

Each Thursday, Freddie Mac releases weekly averages for 30-year and 15-year fixed mortgage rates, and 5/1 adjustable mortgage rates. Last week, the average 30-year fixed rate dropped to 5.13%, down from the previous week’s 5.22%. But by the time Freddie Mac had released its data for the week, rates had already started to tick back up. They remain elevated today.

Today’s mortgage rates

Mortgage type Average rate today
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