Mortgage and refinance interest rates today, February 13, 2026: Low rates and new home discounts entice buyers

Mortgage Rates Overview - Mortgage rates have decreased slightly, with the average 30-year fixed rate falling two basis points to 6.09%, just three basis points above a three-year low of 6.06% [1][12] - The average 15-year fixed-rate mortgage has also dropped by six basis points to 5.44% [1][13] Market Trends - Discounts on new homes have surpassed those in the resale market for the first time in recent history, with nearly one in five new homes seeing price cuts in late 2025 [1] - Economists do not anticipate significant declines in mortgage rates through the end of 2026, with rates expected to remain in the low-6% range [12][15] Future Projections - The Mortgage Bankers Association forecasts the 30-year mortgage rate to be around 6.1% through 2026, while Fannie Mae predicts a similar rate near 6% for the next year [15] - Predictions for 2027 suggest that mortgage rates will remain relatively stable, with expected rates of 6.2% to 6.3% for 30-year fixed mortgages [16]