Weekly Mortgage & Housing Economic Update Week of February 10, 2026

Mortgage Rate Snapshot (National Averages)

30-year fixed: ~6.08% – 6.23%
15-year fixed: ~5.5% – 5.6%
FHA 30-year: ~5.94%
VA 30-year: ~5.70%

Trend:

Rates are holding in the low-6% range, near three-year lows.
The weekly Freddie Mac average is 6.11%, essentially flat from last week.

Key takeaway:Rates are stable, not crashing. The market is in a sideways holding pattern waiting on inflation and labor data.

What’s Moving Mortgage Rates

1) Federal Reserve stance

The Fed has paused rate cuts until more data supports easing.
This is keeping mortgage rates relatively range-bound.

2) Inflation and jobs data

Recent economic reports show:

3) Treasury yields

The 10-year Treasury climbed to about 4.26%, putting mild upward pressure on mortgage rates.

Housing Market Data (Latest National Indicators)

Sales activity

Existing home sales: +5.1% month-over-month.
New home sales: essentially flat month-to-month.

Home prices

National price growth:

Interpretation:The U.S. housing market is clearly in a low-growth, rebalancing phase after the rapid appreciation of 2020–2022.

Affordability & Refinance Trends

A January rate dip made 4.8–5 million homeowners eligible to refinance.
That pushed affordability to the best level in four years.

2026 Outlook (Current Consensus)

Many forecasts call for mortgage rates around ~6% for most of 2026–2027.
Home prices are expected to be flat to slightly positive this year.
Some regions are shifting from strong seller markets to more balanced conditions as inventory rises.

What This Means (Agent Talking Points)

For buyers

Rates are stable, not volatile.
Affordability has improved vs. 2024–2025.
Waiting for huge rate drops is unlikely in the near term.

For sellers

Price growth is modest, not explosive.
Strategy, presentation, and pricing matter more than timing.

For investors

Refi opportunities are returning.
Slower price growth = more predictable underwriting.

30-Second Market Soundbite (for Reels or Clients)

“Mortgage rates are holding right around 6%, which is near three-year lows. Prices are basically flat nationally, and sales are starting to pick up again. The market isn’t crashing or booming—it’s stabilizing. The people who win in this market are the ones with the best strategy, not the ones trying to time the perfect rate.”

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