How to get a mortgage interest rate close to 5% this February

February 12, 2026

TL;DR

Mortgage interest rates have fallen to 3-year lows, making rates near 5% achievable in February.
Adjustable-rate mortgages (ARMs) offer initial rates in the low 5% range, with the possibility of refinancing later.
Purchasing mortgage points can reduce the interest rate by a significant amount, but consider the upfront cost.
15-year mortgage options have an average rate of 5.37%, potentially offering even lower rates with careful shopping and a large down payment.
Borrowers must carefully analyze their financial situation to ensure monthly payments are affordable, especially with shorter loan terms.

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