Freddie Mac: 30-Year Mortgage Rate Falls to 6.09%, Lowest Since Jan 23, 2026

Freddie Mac reports the average 30-year fixed mortgage rate fell to 6.09% in February, reversing a slight rise and matching the level from January 23, 2026, the lowest since. The 15-year fixed rate dropped to 5.44% from 5.50%. One year ago, the averages were 6.87% and 6.09%, respectively. The 10-year Treasury yield stood at 4.13% at midday, down from 4.21% a week ago. Mortgage rates typically track the 10-year Treasury yield and are influenced by Fed policy. The Fed paused rate cuts in late 2025, with economists forecasting 30-year mortgage rates to remain near 6% through the coming months.