Mortgage rates today, August 22, 2025, continue to be a top concern for both homebuyers and homeowners looking to refinance. With rates shifting daily due to economic data, Federal Reserve policies, and housing demand, understanding where they stand now can help you make smarter financial decisions. Whether you’re a first-time buyer planning your move or a homeowner considering refinancing, staying updated on mortgage rates today can save you thousands of dollars over the life of your loan.
What Are Mortgage Rates?
Mortgage rates are the interest rates lenders charge on home loans. They determine how much you’ll pay each month and how much interest accumulates over time. These rates are influenced by several factors:
- The Federal Reserve’s monetary policy.
- Treasury yields and bond markets.
- Inflation data and employment reports.
- The borrower’s credit score, loan type, and down payment size.
In short, mortgage rates today are the cost of borrowing money to purchase or refinance a home.
How Mortgage Rates Work
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