Rates stand on high ground despite bond market buybacks
According to the Zillow lender marketplace, mortgage rates continue to linger near one-year highs, driven by bond market volatility — despite government bond buybacks initiated by Treasury Secretary Scott Bessent. The average 30-year fixed rate today, Friday, August 21, 2026, is 6.50%, down two basis points since yesterday. The 15-year fixed loan is currently at…