Freddie Mac (OTCQB:FMCC) published its Primary Mortgage Market Survey for the week ending August 27, 2026, reporting that the average 30-year fixed-rate mortgage stood at 6.66%. That figure was up marginally from 6.65% recorded the previous week, and compares with a 30-year rate of 6.56% one year earlier.
The agency's data show the 15-year fixed-rate mortgage averaged 5.98% for the same period, edging higher from 5.95% a week prior. A year ago, the 15-year rate was 5.69%.
The survey included commentary from Freddie Mac's chief economist, Sam Khater. "Mortgage rates changed little this week averaging 6.66%," he said. "The economy remains resilient, demonstrated by steady consumer spending and rising household incomes. More homes coming on the market and slower price growth in many areas are giving buyers better options and helping create a more balanced housing market."
These numbers indicate little change in borrowing costs for prospective homebuyers compared with the prior week, while remaining above last year's averages. The small week-over-week increases in both the 30-year and 15-year fixed rates are the only movements reported for the period.
Market participants tracking the housing sector can note two concurrent trends emphasized by Freddie Mac's commentary: ongoing economic resilience, led by consumer spending and household income gains, and a gradual improvement in housing supply and price momentum. According to the economist's statement, the combination of additional listings and slower price growth in many areas is providing more options to buyers and contributing to a more balanced market dynamic.
For households and lenders, the data provide a snapshot of stability in mortgage pricing for the week ending August 27, 2026. Both the 30-year and 15-year measures remain higher than their year-ago levels, reflecting a continuation of higher-rate conditions compared with the prior 12 months.
Market takeaway
- 30-year fixed-rate mortgage: 6.66% as of August 27, 2026, up from 6.65% the previous week and 6.56% one year ago.
- 15-year fixed-rate mortgage: 5.98% as of August 27, 2026, up from 5.95% the previous week and 5.69% one year ago.
- Freddie Mac attributes the limited weekly movement to a resilient economy and improving housing market balance driven by increased listings and slower price growth.