Mortgage Rates Decline for Second Consecutive Week

Freddie Mac (OTCQB: FMCC) reported in its latest Primary Mortgage Market Survey® that the average 30-year fixed-rate mortgage was 6.65% as of August 20, 2026, slightly down from 6.67% the prior week and up from 6.58% a year earlier.

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Freddie Mac (OTCQB: FMCC) reported in its latest Primary Mortgage Market Survey® that the average 30-year fixed-rate mortgage was 6.65% as of August 20, 2026, slightly down from 6.67% the prior week and up from 6.58% a year earlier.

The 15-year fixed-rate mortgage averaged 5.95%, compared with 5.96% last week and 5.69% a year ago. According to Freddie Mac, PMMS® tracks conventional, conforming, fully amortizing home purchase loans with 20% down and excellent credit.

Argus Aug 20 session

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News Market Reaction – FMCC

On Aug 20, the day this news came out, FMCC closed 2.99% below the previous close.

Data tracked by StockTitan Argus for the Aug 20 session.

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MCLEAN, Va., Aug. 20, 2026 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey^® (PMMS^®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.65%.

"The 30-year fixed-rate mortgage declined this week averaging 6.65%," said Sam Khater, Freddie Mac's Chief Economist. "With a dip in rates providing modest relief for homebuyers, it’s important to remember borrowers can potentially save thousands by shopping around for the best mortgage rate.”

News Facts

• The 30-year FRM averaged 6.65% as of August 20, 2026, down from last week when it averaged 6.67%. A year ago at this time, the 30-year FRM averaged 6.58%.
• The 15-year FRM averaged 5.95%, down from last week when it averaged 5.96%. A year ago at this time, the 15-year FRM averaged 5.69%.

The PMMS^® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. For more information, view our Frequently Asked Questions.

Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | X | LinkedIn | Facebook | Instagram | YouTube

MEDIA CONTACT:
Mollie Laniado
(571) 382-1784
Mollie_Laniado@FreddieMac.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/08d3df9b-874a-4994-9638-33bac0089a08

 

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the latest Freddie Mac (FMCC) mortgage rates as of August 20, 2026?

As of August 20, 2026, Freddie Mac reports the average 30-year fixed-rate mortgage at 6.65% and the 15-year fixed-rate mortgage at 5.95%. According to Freddie Mac, these figures come from its weekly Primary Mortgage Market Survey® of conventional, conforming loans.

How did the 30-year fixed mortgage rate change this week according to Freddie Mac (FMCC)?

The average 30-year fixed-rate mortgage edged down to 6.65% from 6.67% the previous week. According to Freddie Mac, this marks a modest weekly decline, offering limited rate relief for homebuyers while still remaining above the 6.58% average recorded one year earlier.

How do current 2026 mortgage rates compare with last year in Freddie Mac’s PMMS data?

Compared with a year ago, the 30-year fixed-rate mortgage rose from 6.58% to 6.65%, and the 15-year increased from 5.69% to 5.95%. According to Freddie Mac, both products remain slightly higher year over year despite the recent weekly declines.

What does Freddie Mac’s Primary Mortgage Market Survey (PMMS) measure for FMCC investors?

Freddie Mac’s PMMS® measures average mortgage rates on conventional, conforming, fully amortizing home purchase loans with 20% down and excellent credit. According to Freddie Mac, this benchmark helps track housing finance conditions, which can inform broader views on mortgage demand and funding costs.

What is the latest 15-year fixed mortgage rate in Freddie Mac’s August 20, 2026 PMMS report?

The latest 15-year fixed-rate mortgage averaged as of August 20, 2026. According to Freddie Mac, this is slightly lower than last week’s 5.96% and above the 5.69% level a year ago, reflecting modest short-term easing but higher longer-term borrowing costs.