US Mortgage Rates Steady at 2022-Lows: MBA

2026-03-04 12:05 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 was unchanged at 2022-lows of 6.09% in the week ended February 27th 2026, the same as in the previous week, according to the Mortgage Bankers Association.

Mortgage applications soared 11%, following a 0.4% rise in the previous period, with refinancing applications jumping 14.3% while applications to purchase a home were up 6.1%.

“Refinance applications increased for the fourth straight week to the strongest pace since 2022, with conventional refinances up 20%.

The increase in the average loan size for refinances indicates that more borrowers with larger loan sizes are seeking to lower their monthly payments”, said Joel Kan, an MBA analyst.



News Stream
US Mortgage Rates Steady at 2022-Lows: 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 2022-lows of 6.09% in the week ended February 27th 2026, the same as in the previous week, according to the Mortgage Bankers Association. Mortgage applications soared 11%, following a 0.4% rise in the previous period, with refinancing applications jumping 14.3% while applications to purchase a home were up 6.1%. “Refinance applications increased for the fourth straight week to the strongest pace since 2022, with conventional refinances up 20%. The increase in the average loan size for refinances indicates that more borrowers with larger loan sizes are seeking to lower their monthly payments”, said Joel Kan, an MBA analyst.
2026-03-04
US Mortgage Rates Down to 2022-Lows: MBA
The average contract rate on 30-year fixed-rate mortgages for conforming loans of $806,500 or less in the US fell to 6.09% in the week ended February 20th 2026, compared to 6.17% in the previous period, according to the Mortgage Bankers Association. Borrowing costs declined for a second week to the lowest level since early September 2022. However, mortgage applications edged up 0.4% only, following a 2.8% jump in the previous period, with refinancing applications rising 4.1% while applications to purchase a home were down 4.7%. Although lower mortgage rates are helping to ease affordability pressures, home prices remain slightly higher than a year ago, and ongoing economic uncertainty continues to weigh heavily on consumer sentiment.
2026-02-25
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