The mortgage interest rate climate experienced noticeable improvement in 2025 . After starting January with average 30-year mortgage rates over 7%, rates in February 2026 are now under 6% or even lower for qualified borrowers. While far from the record lows many got accustomed to seeing at the start of the decade, today's rates are in line with historic averages and they could be low enough to support a strategically made home purchase right now. Still, today's mortgage environment is a unique