US Mortgage Rates at 4-Week Low: MBA

2026-02-18 12:08 By Joana Taborda 1 min. read

The average contract rate on 30-year fixed-rate mortgages for conforming loans of $806,500 or less in the US fell to 6.17% in the week ended February 13th 2026, the lowest in four weeks, compared to 6.21% in each of the previous two periods.

Borrowing costs tracked Treasury yields that 'ended the week lower as weaker data on retail sales and home sales outweighed better-than-expected readings on the job market for January,” said Joel Kan, MBA’s vice president.

As a result, mortgage applications jumped 2.8%, the first gain in four weeks,, with refinancing applications soaring 7.1% and increasing across all loan types.

In contrast, applications to purchase a home were down 2.7%.



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US Mortgage Rates at 4-Week Low: MBA
The average contract rate on 30-year fixed-rate mortgages for conforming loans of $806,500 or less in the US fell to 6.17% in the week ended February 13th 2026, the lowest in four weeks, compared to 6.21% in each of the previous two periods. Borrowing costs tracked Treasury yields that 'ended the week lower as weaker data on retail sales and home sales outweighed better-than-expected readings on the job market for January,” said Joel Kan, MBA’s vice president. As a result, mortgage applications jumped 2.8%, the first gain in four weeks,, with refinancing applications soaring 7.1% and increasing across all loan types. In contrast, applications to purchase a home were down 2.7%.
2026-02-18
US Mortgage Rates Steady Last Week: MBA
The average contract rate on 30-year fixed-rate mortgages for conforming loans of $806,500 or less in the US was unchanged at fell to 6.21% in the week ended January 30, compared to a four-week high of 6.24% in the previous period, according to the Mortgage Bankers Association. Mortgage applications edged down 0.3%, with purchase applications falling 2.4% while those to purchase a home went up 1.2%. “FHA purchase and refinance applications increased, helped partially by the FHA rate declining and remaining 20 basis points lower than the conforming 30-year fixed rate. Borrowers are increasingly utilizing FHA loans as affordability challenges remain, despite recent improvements”, said Joel Kan, MBA’s vice president.
2026-02-11
US Mortgage Rates Edge Down: MBA
The average contract rate on 30-year fixed-rate mortgages for conforming loans of $806,500 or less in the US fell to 6.21% in the week ended January 30, compared to a four-week high of 6.24% in the previous period, according to the Mortgage Bankers Association. Still, mortgage applications declined 8.9%, extending an 8.5% drop in the previous week, with the winter storm taking a toll. Refinancing applications went down 4.7%, after a 15.7% drop and the purchase index tumbled 14.4% after decreasing 0.4%. “Winter Storm Fern likely had an impact as much of the country was snowed in, hampering homebuying activity. The annual increase in purchase applications was the weakest since April 2025", ” said Joel Kan, MBA’s VP.
2026-02-04