The economy is showing signs of improvement, with declining unemployment and inflation. As of February 13, 2026, mortgage interest rates are at their lowest since 2022, with average rates of 5.87% for 30-year fixed mortgages and 5.25% for 15-year options, providing new opportunities for buyers and owners to refinance. The median refinance rates are 6.46% for 30-year and 5.59% for 15-year mortgages, suggesting potential savings even with smaller rate reductions. It’s a favorable time for consumers to explore mortgage options and consult lenders for the best rates.
