Mortgage 12 February 2026

Mortgage rates in the U.S. dipped slightly this week. Freddie Mac reported Thursday that the average 30-year fixed loan now sits at 6.09%, down from 6.11% last week. The 15-year fixed dropped, too, easing to 5.44% from 5.50%. A year ago, the 30-year was sitting much higher at 6.87%. Borrowing costs remain stuck near their lowest point in almost three years, right as the spring homebuying window approaches. “Housing affordability continues to measurably improve,” said Sam Khater, Freddie Mac’s chief economist.