Mortgage Rates February 2026: Should You Buy or Wait?

Where Rates Stand Today

The average 30-year fixed mortgage is in the mid-to-high 6% range. A 6.5% rate on a $400,000 loan means $2,528/month for principal and interest.

Will Rates Drop?

Most economists expect modest declines later in 2026, but don’t count on a dramatic drop. Rates may ease to the low 6% range by year-end, but a return to 3-4% is not realistic.

Buy Now or Wait?

Buy when you can afford to, not when rates are perfect. If you wait, millions of other buyers will have the same idea — pushing prices up and erasing savings from lower rates. The math often favors buying now and refinancing later.

Stay Updated with Money Alert Daily
• Facebook • Instagram • X (Twitter)