Average 30-Year Fixed-Rate Mortgage Hits Another Low

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) reported its Primary Mortgage Market Survey® results for Feb 19, 2026: the 30-year fixed-rate mortgage (FRM) averaged 6.01%, down from 6.09% a week earlier and the lowest level since September 2022. The 15-year FRM averaged 5.35%.

According to the company, refinance application activity has more than doubled over the past year, improving affordability and reducing many homeowners' annual mortgage payments.

Positive

• 30-year FRM 6.01% as of Feb 19, 2026
• 15-year FRM 5.35% as of Feb 19, 2026
• Refinance applications more than doubled year-over-year

Negative

• None.

News Market Reaction – FMCC

-0.95%

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-0.95% News Effect

On the day this news was published, FMCC declined 0.95%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MCLEAN, Va., Feb. 19, 2026 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey^® (PMMS^®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.01%.

“Mortgage rates dropped again this week, now down to their lowest level since September of 2022,” said Sam Khater, Freddie Mac’s Chief Economist. “This lower rate environment is not only improving affordability for prospective homebuyers, it’s also strengthening the financial position of homeowners. Over the past year, refinance application activity has more than doubled, enabling many recent buyers to reduce their annual mortgage payments by thousands of dollars.”

News Facts

• The 30-year FRM averaged 6.01% as of February 19, 2026, down from last week when it averaged 6.09%. A year ago at this time, the 30-year FRM averaged 6.85%.
• The 15-year FRM averaged 5.35%, down from last week when it averaged 5.44%. A year ago at this time, the 15-year FRM averaged 6.04%.

The PMMS^® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. For more information, view our Frequently Asked Questions.

Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | X | LinkedIn | Facebook | Instagram | YouTube

MEDIA CONTACT:
Angela Waugaman
(703)714-0644
Angela_Waugaman@FreddieMac.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5d9a40b0-c576-44ae-b849-c0b724e7f6a9

FAQ

What did FMCC report on Feb 19, 2026 about the 30-year mortgage rate?

The 30-year fixed-rate mortgage averaged 6.01% on Feb 19, 2026, down from 6.09% the prior week. According to Freddie Mac, this is the lowest 30-year average since September 2022 and reflects recent downward movement in rates.

How did the 15-year mortgage rate change in Freddie Mac's Feb 19, 2026 PMMS (FMCC)?

The 15-year fixed-rate mortgage averaged 5.35% on Feb 19, 2026, down from 5.44% last week. According to Freddie Mac, the decline improves shorter-term refinance affordability for homeowners and prospective buyers.

What does Freddie Mac (FMCC) say about refinance activity in Feb 2026?

Refinance application activity has more than doubled over the past year, the company reported. According to Freddie Mac, many recent buyers used refinancing to cut annual mortgage payments by thousands of dollars.

Why is Freddie Mac's Feb 19, 2026 PMMS data important for homebuyers and investors (FMCC)?

The PMMS shows prevailing mortgage costs, with the 30-year rate at 6.01% affecting affordability and housing demand. According to Freddie Mac, lower rates can boost buyer affordability and increase refinancing activity, influencing mortgage markets and related securities.