Mortgage rates in the United States have shown a slight decline in early August 2025 following the Federal Reserve's decision to maintain its current interest rates. The average 30-year fixed mortgage rate decreased to 6.72% for the week ending July 31, down from 6.74% the previous week, according to Freddie Mac and confirmed by the Federal Reserve Bank of St. Louis. The 15-year fixed mortgage rate also declined to 5.85%. This marks a modest improvement for home loan borrowers compared to earlier in the year when rates averaged around 7.04%. However, refinance rates have seen an increase as of August 4. Additionally, the overnight financing rate dropped slightly from 4.39% on July 31 to 4.34% on August 1. These movements reflect a cautious market response amid stable Federal Reserve policy.