San Diego, CA, February 6, 2026
The average U.S. long-term mortgage rate remains stable at 6.11% as the spring home-buying season nears. This figure shows a slight decrease from last year’s 6.89%. Influenced by Federal Reserve policies and economic factors, the mortgage rates have been relatively steady, indicating a stable environment for potential homebuyers and refinancing options. The current housing market shows signs of subdued activity due to high prices and a persistent housing shortage, yet buyers are benefiting from less competition and improved inventory.
Average US Long-Term Mortgage Rate Holds Steady Near 6%
San Diego, CA – As the spring home-buying season approaches, the average U.S. long-term mortgage rate remains stable, with the 30-year fixed rate at 6.11%, virtually unchanged from the previous week’s 6.1%, according to Freddie Mac. This rate is down from 6.89% a year ago and is near its lowest point in over three years.
Current Mortgage Rates
- 30-Year Fixed-Rate Mortgage: 6.11%
- 15-Year Fixed-Rate Mortgage: 5.5%
These rates have remained relatively stable, with the 15-year fixed-rate mortgage rate slightly increasing from 5.49% last week.
Factors Influencing Mortgage Rates
Mortgage rates are influenced by several factors, including the Federal Reserve’s interest rate policies and bond market investors’ expectations for the economy and inflation. The 10-year Treasury yield, which lenders use as a guide to pricing home loans, currently stands at 4.21%, down from 4.23% a week ago.
Impact on the Housing Market
Despite the Federal Reserve’s pause in rate cuts to support the job market, the housing market remains subdued due to a combination of higher rates, soaring home prices, and a persistent housing shortage. Since 2022, home sales have been depressed, though a dip in rates last summer spurred a modest rebound in late 2025. Buyers currently face less competition and greater inventory, giving them more negotiating power, with nearly two-thirds of buyers last year paying below list price.
Outlook
Economists forecast that mortgage rates will stay near 6% in the coming months, providing a stable environment for potential homebuyers and those considering refinancing options.
Related News
- Average US Long-Term Mortgage Rate Holds Steady Near 6%
Frequently Asked Questions (FAQ)
What is the current average 30-year fixed-rate mortgage rate in the U.S.?
The current average 30-year fixed-rate mortgage rate in the U.S. is 6.11%, according to Freddie Mac. This rate is down from 6.89% a year ago and is near its lowest point in over three years.
How have mortgage rates changed over the past year?
Over the past year, the average 30-year fixed-rate mortgage rate has decreased from 6.89% to 6.11%, marking a significant decline.
What factors influence mortgage rates?
Mortgage rates are influenced by several factors, including the Federal Reserve’s interest rate policies and bond market investors’ expectations for the economy and inflation.
What is the current 10-year Treasury yield?
The current 10-year Treasury yield is 4.21%, down from 4.23% a week ago.
What is the outlook for mortgage rates in the coming months?
Economists forecast that mortgage rates will stay near 6% in the coming months, providing a stable environment for potential homebuyers and those considering refinancing options.
Key Features
| Feature | Details |
|---|---|
| Current 30-Year Fixed-Rate Mortgage Rate | 6.11% |
| Current 15-Year Fixed-Rate Mortgage Rate | 5.5% |
| Previous Week’s 30-Year Fixed-Rate Mortgage Rate | 6.1% |
| Previous Week’s 15-Year Fixed-Rate Mortgage Rate | 5.49% |
| Rate One Year Ago | 6.89% |
| Current 10-Year Treasury Yield | 4.21% |
| Economists’ Forecast for Mortgage Rates | Stable near 6% in the coming months |
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