economy
February 25, 2026
What are today's mortgage interest rates: February 25, 2026?
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TL;DR
- The traditional spring homebuying season is approaching.
- Mortgage interest rates have declined by approximately one percentage point compared to recent years.
- As of February 25, 2026, the average 30-year purchase mortgage rate is 5.87%, and the 15-year rate is 5.25%.
- Refinance rates on February 25, 2026, are 6.28% for a 30-year term and 5.39% for a 15-year term.
- Buyers are encouraged to compare offers from at least three lenders and consider closing costs and fees.
- Refinancing may be worthwhile for homeowners looking to reduce their mortgage payoff timeline and save on interest, but closing costs should be recouped quickly.
- Securing a rate in the 5% range is possible, with potential for further reduction using mortgage points.
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