Current Mortgage Interest Rates for February 20, 2026

As of February 20, 2026, mortgage interest rates have improved, with averages at 5.87% for 30-year loans and 5.37% for 15-year loans, making it a potentially favorable time for buyers. Although still above lows from earlier in the decade, rates are significantly lower than a year ago, encouraging borrowers to shop around for better offers. The average refinance rate stands at 6.43% for 30-year loans and 5.46% for 15-year loans, suggesting savings opportunities for those who bought during the high-rate period. Overall, now is a promising time for home seekers to consider their mortgage options while continuing their search for a dream home.