India, Aug. 21 -- Mortgage rates slipped on Friday, but they are still close to one-year highs. The latest move comes as volatility in the US bond market continues to put pressure on home loan rates, even after the Treasury Department started buying back government bonds. The average 30-year fixed mortgage rate is 6.50% on Friday, August 21, 2026. The rate is down 2 basis points from Thursday, according to the Zillow lender marketplace.

Rates for other types of home loans moved differently. The average 15-year fixed mortgage rate is 6.00%, up 8 basis points from the previous day, while the 5/1 adjustable-rate mortgage (ARM) is 6.25%, down 29 basis points from Thursday, according to Zillow.

The average 30-year fixed mortgage rate fell to...