Mortgage Rates Continue to Show Stability, Hovering Near 6%

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) released its Primary Mortgage Market Survey showing the 30-year fixed-rate mortgage averaged 6.11% as of Feb 5, 2026, a slight weekly rise from 6.10% and a decline from 6.89% a year earlier. The 15-year FRM averaged 5.50%.

The PMMS covers conventional, conforming, fully amortizing purchase loans for borrowers with 20% down and excellent credit. Freddie Mac emphasized improving affordability and home availability ahead of the spring sales season.

Positive

• 30-year FRM averaged 6.11% on Feb 5, 2026, down from 6.89% a year ago
• PMMS focuses on conventional, conforming, fully amortizing purchase loans for 20% down borrowers with excellent credit

Negative

• 30-year FRM ticked up 0.01 percentage point week-over-week from 6.10% to 6.11%

MCLEAN, Va., Feb. 05, 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 6.11%.

“For the last several weeks, the 30-year fixed-rate mortgage has remained at its lowest level in years,” said Sam Khater, Freddie Mac’s Chief Economist. “The combination of improving affordability and availability of homes to purchase is a positive sign for buyers and sellers heading into the spring home sales season.”

News Facts

• The 30-year FRM averaged 6.11% as of February 5, 2026, up slightly from last week when it averaged 6.10%. A year ago at this time, the 30-year FRM averaged 6.89%.
• The 15-year FRM averaged 5.50%, up slightly from last week when it averaged 5.49%. A year ago at this time, the 15-year FRM averaged 6.05%.
  
  

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 graph accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/50a12b36-c7b1-4fc5-941c-cf9a0060ccd7

FAQ

What is the 30-year fixed mortgage rate reported by Freddie Mac (FMCC) on Feb 5, 2026?

The 30-year fixed-rate mortgage averaged 6.11% on Feb 5, 2026. According to the company, this is a slight weekly uptick from 6.10% and lower than 6.89% a year earlier, reflecting improved affordability compared with 2025.

How did the 15-year mortgage rate change in Freddie Mac's Feb 5, 2026 PMMS for FMCC?

The 15-year fixed-rate mortgage averaged 5.50% on Feb 5, 2026. According to the company, this is a small weekly rise from 5.49% and is below the 6.05% average recorded a year earlier, supporting affordability for refinancers.

What does Freddie Mac's Feb 5, 2026 PMMS say about year-over-year mortgage rate trends for FMCC?

Freddie Mac reported the 30-year FRM fell from 6.89% a year ago to 6.11% on Feb 5, 2026. According to the company, that year-over-year decline indicates improved affordability as the spring buying season approaches.

Who does the PMMS (Freddie Mac FMCC) metric represent and why does it matter to borrowers?

The PMMS tracks conventional, conforming, fully amortizing purchase loans for borrowers with 20% down and excellent credit. According to the company, it provides a benchmark for mortgage pricing and affordability for typical prime buyers.

Will the Feb 5, 2026 FMCC PMMS reading likely affect spring homebuying?

Averages near 6.11% for the 30-year FRM may modestly improve buyer affordability entering spring. According to the company, combined with better home availability, these rates could support increased buyer activity compared with last year.