Today’s mortgage rates: 30-year rates tumble back below 5% | August 4, 2022
20-year rates also nosedived, so buyers may want to lock in a rate today while they’re relatively low for longer repayment terms.

Check out the mortgage rates for August 4, 2022, which are mixed from yesterday. (Credible)
Based on data compiled by Credible, three key mortgage refinance rates have fallen and one has risen since yesterday.
- 30-year fixed-rate refinance: 4.990%, down from 5.375%, -0.385
- 20-year fixed-rate refinance: 4.750%, down from 5.000%, -0.250
- 15-year fixed-rate refinance: 4.625%, up from 4.375%, +0.250
- 10-year fixed-rate refinance: 4.490%, down from 4.500%, -0.010
Rates last updated on August 4, 2022. These rates are based on the assumptions shown here. Actual rates may vary. With 5,000 reviews, Credible maintains an "excellent" Trustpilot score.
What this means: Three key mortgage refinance rates fell today, with rates for 20- and 30-year terms plunging back below 5%. Rates are likely to continue to fluctuate, meaning homeowners looking to refinance may want to lock in a low rate now ahead of future increases.
Today’s mortgage rates for home purchases
Based on data compiled by Credible, mortgage rates for home purchases are mixed since yesterday, with two rates falling, one rising and a fourth holding steady.
- 30-year fixed mortgage rates: 4.990%, down from 5.500%, -0.510
- 20-year fixed mortgage rates: 4.750%, down from 5.000%, -0.250
- 15-year fixed mortgage rates: 4.750%, up from 4.500%, +0.250
- 10-year fixed mortgage rates: 4.500%, unchanged