Mortgage Rates Today: February 13, 2026 – 30- & 15-Year Averages

Economic indicators released this week signal a shifting landscape for both prospective homebuyers and current homeowners. Reports show a decline in unemployment alongside easing inflation, creating a more favorable environment for financial decisions. Simultaneously, mortgage interest rates have fallen to levels not seen since 2022, offering potential savings for those looking to buy or refinance.

Mortgage Rates Decline

As of February 13, 2026, the average mortgage interest rate for a 30-year loan stands at 5.87%, according to Zillow. A 15-year mortgage averages 5.25%. These rates represent a significant improvement compared to much of 2026, potentially opening opportunities for buyers who previously faced rates in the 6% to 7% range.

Did You Know? Mortgage purchase and refinance rates change daily, meaning current availability could shift next week.

Borrowers who actively shop around may even find rates approaching 5%, though securing the most favorable terms will require a strong credit score.

Refinance Opportunities Emerge

The average 30-year mortgage refinance rate is currently 6.46%, while the 15-year refinance rate is 5.59%. This presents potential benefits for homeowners with existing rates above 7% or those seeking to shorten their loan term by refinancing into a 15-year option.

While traditionally, refinancing is considered most advantageous when rates drop by a full percentage point, savings may still be realized with a decrease of even half a percentage point. Careful evaluation of individual circumstances is crucial.

Expert Insight: The current period, with no Federal Reserve meeting scheduled until March and expectations for a rate cut remaining low, could offer a relatively stable window for both buyers and homeowners to explore their options.

What Factors Influence Rates?

Mortgage rates are subject to daily fluctuations. The absence of a Federal Reserve meeting until March, coupled with current expectations regarding rate cuts, suggests a period of relative stability. However, this could change.

Frequently Asked Questions

What is the average mortgage interest rate for a 30-year loan?

The average mortgage interest rate on a 30-year mortgage is 5.87% as of February 13, 2026, according to Zillow.

What is the average mortgage refinance rate for a 30-year loan?

The average mortgage refinance rate on a 30-year mortgage is 6.46% as of February 13, 2026, according to Zillow.

Is it better to shop around for mortgage rates?

Yes, shopping around for lenders may allow buyers to secure rates closer to 5%.

Given these developments, how might these shifting rates influence your approach to homeownership or refinancing?