The average U.S. rate for a 30-year fixed-rate conforming mortgage slipped to 6.722% on Aug. 25, 2026, from 6.729% the previous day, while the 15-year rate rose to 5.879% from 5.869%, according to Mortgage Research Center data reviewed by Fortune on Aug. 24. Week over week, 30-year conventional rates increased about 5 basis points, 15-year conventional rates rose 4 basis points, jumbo rates fell 6 basis points, FHA rates gained 4 basis points, VA rates increased 5 basis points and USDA rates rose 12 basis points. At current rates, borrowing $300,000 would generate roughly $398,480.09 in interest over 30 years or about $152,160.21 over 15 years. The Federal Open Market Committee kept the federal funds rate at 3.50%–3.75% at its July 28-29 meeting, with its next meeting scheduled for Sept. 15-16. Mortgage applications fell 0.4% for the week ending Aug. 14, while adjustable-rate mortgages declined to 7.7% of total applications. Shopping among lenders may save borrowers $600 to $1,200 annually, according to Freddie Mac research.