MortgageCast

As of February 5, 2026, the average 30-year fixed-rate conforming mortgage stands at 6.096%, a slight increase of less than one basis point from the prior day and up about 5 basis points from one week ago, per Optimal Blue data reviewed by Fortune. This rate reflects loans locked in as of February 3. Other 30-year averages include jumbo at 6.284% (down from 6.394% a week ago), FHA at 5.972% (up from 5.923%), VA at 5.718% (up from 5.688%), and USDA at 5.845% (down from 5.949%). For shorter terms, the 15-year conventional rate is 5.412%, nearly unchanged from 5.415% last week. NerdWallet reports a national 30-year fixed APR of 6.04% as of early February 5.

Refinance rates show variation across sources. Zillow data, as of February 4 and reviewed by Fortune on February 5, lists the 30-year fixed refinance average at 6.27%, with 15-year at 5.57% for conventional loans. Earlier Zillow figures from February 4 pegged purchase 30-year rates at 5.99% and 15-year at 5.50%, while refinance rates were higher at 6.56% for 30-year. Jumbo refinance rates are elevated, at 7.04% for 30-year terms. These differences arise from methodologies: Optimal Blue focuses on locked loans, Zillow on marketplace averages, highlighting why shoppers should compare lenders.

Rates remain elevated compared to pandemic lows of 2-3% but near three-year lows, influenced by Federal Reserve cuts in late 2024 and economic factors like potential inflation from policy shifts. Freddie Mac's January 29 weekly average was 6.10% for 30-year fixed, up slightly from 6.09%. Bankrate's weekly survey shows 6.23%, up from 6.18%. Borrowers may benefit from shopping multiple lenders, as individual rates depend on credit, down payment, and debt-to-income ratios below 36-43%. (298 words)