empty
 
 

2026.02.2512:07:58UTC+00US 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 declined to 6.09% in the week ended February 20th, 2026, from 6.17% in the previous week, according to the Mortgage Bankers Association. This marked the second consecutive weekly decrease and the lowest level since early September 2022.

Despite the drop in borrowing costs, overall mortgage applications rose only 0.4%, following a 2.8% increase in the prior week. Refinancing applications climbed 4.1%, while applications to purchase a home fell 4.7%.

While easing mortgage rates are providing some relief to affordability pressures, home prices remain slightly above their levels of a year ago, and ongoing economic uncertainty continues to weigh heavily on consumer sentiment.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In February we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback