This coverage is coming out earlier than normal due to a more interesting headline than normal. The average top-tier 30yr fixed rate fell back to 5.99% today, matching the levels seen only briefly back on January 9th, 2026 when the Fannie/Freddie bond buying plans were announced. Much like the last time, there's always a risk that something happens to prompt a bond market reversal today. If that happens, mortgage lenders could raise rates in the middle of the day.  But unlike last time, mortgage rates have eased down to current levels in a much more gradual and--dare we say--sustainable way. After all, today's improvement is only a moderate 0.05% vs Friday. Back on January 9th, the initial day-over-day jump was more than 0.20%. There's no new news causing the improvement. The broader bond market has gradually improved to the best levels since November and the mortgage-backed securities market (the bonds that directly dictate mortgage rates) have performed better than normal vs the broader market due to Fannie/Freddie purchases.  As always, keep in mind that 5.99% is a "top-tier" average among multiple lenders. This means that for a scenario with high FICO, high down payment and no other hits to pricing, various lenders will be quoting 5.875, 6.00, and 6.125% predominantly. Also keep in mind that many rates are quoted with different levels of upfront costs. There's no way to assess the strength of a rate quote without knowing the rest of those upfront costs.

February 23, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 5.99% -0.05%   5.99% 7.08% 15 Yr. Fixed 5.60% +0.00%   5.55% 6.48% 30 Yr. Jumbo 6.29% +0.01%   6.1% 7.2% Compare Mortgage Rates from Local Lenders for Feb 23, 2026 Mortgage Rates Dip Back Into The 5's Mon, Feb 23, 2026 11:53AM This coverage is coming out earlier than normal due to a more interesting headline than normal. The average top-tier 30yr fixed rate fell back to 5.99% today, matching the levels seen only briefly back on January 9th, 2026 when the Fannie/Freddie bond buying plans were announced. Much like the last time, there's always a risk that something happens to prompt a bond market reversal today. If that happens, mortgage lenders could raise rates in the middle of the day.  But unlike last time, mortgage rates have eased down to current levels in a much more gradual and--dare we say--sustainable... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 5.99% -0.05 0.00 15 Yr. Fixed 5.60% 0.00 0.00 30 Yr. FHA 5.63% 0.00 0.00 30 Yr. Jumbo 6.29% +0.01 0.00 7/6 SOFR ARM 5.40% +0.02 0.00 30 Yr. VA 5.65% 0.00 0.00 Updates Daily - Last Update: 2/23 Freddie Mac Rate Change Points 30 Yr. Fixed 6.01% -0.08 0.00 15 Yr. Fixed 5.35% -0.09 0.00 Updates Weekly - Last Update: 2/19 Mortgage Bankers Assoc. 30 Yr. Fixed 6.17% -0.04 0.56 15 Yr. Fixed 5.50% -0.15 0.73 30 Yr. Jumbo 6.21% -0.09 0.27 Updates Weekly - Last Update: 2/18 UMBS 30YR 5.0 100.41 +0.10   95.71 100.50 UMBS 30YR 5.5 101.62 +0.08   98.11 101.64 10 YR Treasury 4.031 -0.056   3.932 4.590 Stronger Start. Quiet Calendar Mon, Feb 23, 2026 10:51AM Bonds are starting the new week in slightly stronger territory, but still well inside the prevailing trading range. There were no standout market movers over the weekend although tariff and trade-related uncertainty may be generally weighing on investor sentiment to some small extent. The econ calendar is very quiet throughout the week with Friday's PPI bein... (read more) MBS Price Change UMBS 4.5 98.80 +0.19 UMBS 5.0 100.41 +0.10 UMBS 5.5 101.62 +0.08 GNMA 4.5 98.72 +0.32 GNMA 5.0 100.23 +0.05 GNMA 5.5 101.24 -0.01 Pricing as of: 2/23 5:39PM EST US Treasury Yield Change 2 YR Treasury 3.440 -0.034 5 YR Treasury 3.584 -0.057 7 YR Treasury 3.783 -0.064 10 YR Treasury 4.031 -0.056 30 YR Treasury 4.702 -0.022 Pricing as of: 2/23 5:39PM EST Other News DSCR, BI, Retention, Processing Tools; Correspondent and Wholesaler News; UAD 3.6 Interview Mon, Feb 23, 2026 11:48AM Products, Services, and Software for Brokers and Lenders When every basis point counts and staffing doesn’t magically scale with volume, servicers need automation that works as hard as they do. That’s exactly how Dark Matter Technologies delivers Elevate, a loan servicing solution designed for real-world operators who need more than a system that simply “g... (read more) Latest Video December factory orders fell 0.7%, in line with estimates Homebuilder stocks rise slightly on SCOTUS tariff decision December new home sales come in at 745k, down 1.7% from November S&P global U.S. services PMI comes in at 51.2 vs. 53 estimated Around the Web Marketwatch Fed's Waller says next jobs report, not Supreme Court ruling, will be key for March interest rate decision Marketwatch Supreme Court rejects Trump's tariffs. Here's what the president could try to use instead. CNBC Supreme Court strikes down Trump tariffs CNBC Treasury yields hold steady after as investors weigh new Trump tariffs CNBC Fourth-quarter U.S. GDP up just 1.4%, badly missing estimate Census.gov Monthly New Residential Sales, December 2025 Eye on Housing U.S. Economy Ends 2025 on a Slower Note CNBC Personal loans surge amid affordability struggles: It's 'the middle-class refinancing option,' expert says Federal Reserve Bowman, Opening Remarks S&P Global Flash PMI indicates slowest business growth for ten months BEA Personal Income and Outlays, December 2025 CNBC Treasury yields little changed ahead of key inflation data release University of Michigan Consumer Sentiment Inches Up .2% From January

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