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- Mortgage Rates 📢 February 23rd, 2026
Mortgage Rates 📢 February 23rd, 2026
Mortgage Rates DROP ⬇️. We are entering the DANGER ZONE for price escalation. Which buyers will employ the strategy first?
Glenn Groves
February 23, 2026
INTEREST RATES
10 Year T-Note 180-day snapshot
Product | Rate / APR | Weekly Change |
|---|---|---|
⬇️ Conv. | 5.875% / 5.905% | -.125% |
⬇️ Conv. HB | 6.125% / 6.149% | -.250% |
⬇️ JUMBO | 5.875% / 5.907% | -.125% |
↔️ FHA 3.5% DP | 5.500% / 6.472% | -.000% |
↔️ VA 0% DP | 5.500% / 5.748% | -.000% |
Rate data as of morning of publication. Unless noted otherwise, all scenarios are assuming 30 Year-Fixed mortgage, Purchase or R/T Refinance. No origination points charged, 780 FICO score, and 20% down payment. Provided for consumer education only and does not serve as a binding offer to extend lending. Payment period, interest rate, APR, and other terms subject to income, asset, and credit profile qualification. Provided courtesy of GTG Financial, Inc. NMLS 1595076. Equal housing opportunity. www.nmlsconsumeraccess.org
⏱️ Rates in 60 Seconds
📉 Rates Have Improved
Mortgage bonds have been trending better, which has pushed rates down from recent highs. That is real movement, not sideways noise.
We are entering the DANGER ZONE for buyers who sit back and want to absorb the monthly “savings”.
Gif by onerepublic on Giphy
🗣️ Fed Tone Is Softening
Governor Waller signaled:
January job strength may be overstated
Underlying inflation may already be near 2 percent
One strong labor report does not equal a strong labor market
That is supportive for lower rates over time.
Realtor Takeaway
The direction is improving.
The question now is momentum.
If bonds break through resistance, pricing sheets improve again.
If not, we consolidate before the next move.
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