Today’s Mortgage Rates Ease to 6.91%: Aug. 4, 2026

Today’s 30-year mortgage purchase rate dropped to 6.91%, slightly lower than 6.93% the previous day. Rates remain elevated due to inflation linked to the U.S. war in Iran and persistent energy price pressures. Experts predict rates will stay above 6% for 30-year loans in the near term, with the Federal Reserve likely to raise rates further if inflation remains above its 2% target.