02/28/2026
Mortgage rates fell to 5.98% for the week ending February 26—the lowest in over three years—due to uncertainty over Trump's tariffs.
For a median-priced home of $399,950 with a 20% down payment, a buyer financing $319,960 will pay approximately $1,915 monthly in principal and interest. That's $6 less than last week and $162 less than a year ago when rates averaged 6.76%, when the same home cost $2,077 monthly. These falling rates offer tangible savings as buyers enter the spring homebuying season.