US Mortgage Rates Reach Lowest Since 2022, Spurs Refinancing
Yahoo Finance·2026-02-25 12:52
US mortgage rates slipped last week to the lowest level since 2022, generating more refinancing activity. The contract rate on a 30-year mortgage dropped 8 basis points to 6.09% in the week ended Feb. 20, according to Mortgage Bankers Association data released Wednesday. The rate on five-year adjustable mortgages fell to 5.23%, also the lowest since September 2022. Most Read from Bloomberg An index of refinancing activity climbed more than 4% to the second-highest level in five months. Refinancing has ...