US 30-Year Mortgage Rates Tick Higher

The average contract rate on 30-year fixed-rate mortgages for conforming loans of $806,500 or less in the US climbed to 6.19% in the first week of March 2026, up from 2022-lows of 6.09%, according to the Mortgage Bankers Association. Mortgage activity showed continued momentum, with total applications rising 3.2%, following an 11% surge in the previous period. Applications for home purchases jumped 7.8%, while refinancing activity edged up modestly by 0.5%.

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.

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.