economy
February 2, 2026
What are today's mortgage interest rates: February 2, 2026?
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TL;DR
- Mortgage interest rates declined considerably in 2025, falling by more than a point on average.
- As of February 2, 2026, the average mortgage interest rate for a 30-year term is 5.99%, and for a 15-year term, it's 5.37%.
- The average mortgage refinance interest rate for a 30-year term is 6.63%, and for a 15-year term, it's 5.63%.
- Rates in the 5% range may be available for qualified borrowers through strategies like mortgage points or adjustable-rate mortgages.
- Shopping around with multiple lenders is advised to secure the best available rates.
- February 2026 is considered a potentially good time for both buyers and owners to re-enter the mortgage market due to current rate conditions.
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