economy
February 23, 2026
What are today's mortgage interest rates: February 23, 2026?
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TL;DR
- Mortgage interest rates have declined by over a full percentage point on average since 2025.
- As of February 23, 2026, the average 30-year mortgage purchase rate is 5.87%, and the 15-year rate is 5.37%.
- Average refinance rates are 6.35% for a 30-year mortgage and 5.49% for a 15-year mortgage.
- Current rates offer significant savings compared to a year or two ago.
- Homeowners who purchased with rates between 7% and 8% in 2023 may find substantial savings through refinancing.
- Buyers and owners should shop around and compare offers from at least three lenders to secure the best rates.
- Online marketplaces can help compare rates, lenders, terms, and fees.
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