Mortgage Rates Continue to Show Stability, Hovering Near 6%

Core Insights - Freddie Mac's Primary Mortgage Market Survey indicates that the 30-year fixed-rate mortgage (FRM) averaged 6.11% as of February 5, 2026, showing a slight increase from the previous week when it was 6.10% [1][4] - The current 30-year FRM is significantly lower than a year ago, when it averaged 6.89%, indicating a year-over-year decrease in mortgage rates [4] - The 15-year FRM also saw a slight increase, averaging 5.50% compared to 5.49% the previous week, and is lower than the 6.05% average from a year ago [4] Market Context - Sam Khater, Freddie Mac's Chief Economist, noted that the low mortgage rates are contributing to improved affordability and availability of homes, which is a positive sign for both buyers and sellers as the spring home sales season approaches [2] - The PMMS focuses on conventional, conforming, fully amortizing home purchase loans for borrowers with excellent credit who make a 20% down payment [2]