February 17, 2026

Mortgage rates stayed essentially unchanged, holding close to some of the lowest levels seen in more than three years.

Last Friday saw a fast drop in rates — something that often leads to either a quick reversal or a period of consolidation. This week started with the latter, which is generally a healthy sign for markets.

Key highlights:

• Rates held steady after a strong rally.

• Stability gives buyers more clarity when planning.

• No major economic reports moved markets.

📊 What Happened Behind the Scenes

Mortgage rates follow bond markets, especially the 10-year Treasury yield.

• Yields briefly dipped near 4.0% overnight.

• Gradually rose to around 4.06%.

• Traded mostly sideways through the day.

With limited news or Fed commentary, markets essentially “waited” — which explains the calm movement.

🏡 Why This Matters for Buyers and Agents

Stable rates can be just as valuable as falling rates.

Here’s why:

• Buyers can focus on strategy instead of chasing daily rate changes.

• Agents gain more confidence discussing affordability.

• Transactions become easier to structure when pricing isn’t shifting rapidly.

Even small improvements from recent months can help expand buying power and improve payment options.

🔮 Winston’s Market Outlook

After a strong rally, markets are pausing. That doesn’t necessarily mean rates are done improving — but it does suggest investors want confirmation from upcoming economic data before pushing lower.

Expect:

• Potential volatility when new economic reports arrive.

• Markets watching inflation and employment closely.

Translation: calm for now — but keep your seatbelt on.