As of February 17, 2026, the average mortgage interest rate for a 30-year term is 5.87%, and for a 15-year term, it is 5.37%. Refinance rates are 6.47% for 30-year and 5.44% for 15-year options, presenting opportunities for buyers and homeowners to explore lower rates. With recent declines in inflation and unemployment, borrowers may find favorable mortgage offers. It’s advisable to compare rates and lenders online to maximize affordability and flexibility.
