February 24, 2026

Mortgage rates continue to hover at some of the lowest levels we’ve seen in more than three years. The average top-tier rate returned to 5.99%, marking only the second time since early January that rates have reached this level — and now they’ve held steady there for three consecutive days.

While the headline number is exciting, the bigger story is how rates got here.

Back in early January, rates briefly touched 5.99% but only held for a few hours before moving higher again. Since then, markets have taken a more gradual path downward, allowing rates to approach this level more steadily — and for now, maintain it with greater stability. That slower, more controlled movement tends to signal stronger underlying market support rather than a temporary spike.

That said, mortgage rates never come with guarantees. Even on days without major economic news, market sentiment can shift quickly. Borrowers and agents should view today’s levels as an opportunity — not a promise that tomorrow will look the same.

💥Let me know if you or someone you know wants to see how these rates will affect their purchase or refinance options.