Mortgage Rates Today, Thursday, February 26: Higher But Still Seeing Fives

NerdWallet

by Kate Wood

February 26, 2026

AI-Generated Deep Dive Summary

Mortgage rates have ticked upward today, Thursday, February 26, but they remain below the 6% threshold. According to recent data, average mortgage rates are seeing a slight increase compared to previous days, with fixed-rate mortgages continuing to hover around 5%. This trend reflects broader market dynamics influenced by inflation and Federal Reserve policies. While rates have risen slightly, they remain relatively low by historical standards, offering borrowers an opportunity to secure favorable terms for home loans or refinancing. The rise in mortgage rates is part of a larger pattern driven by economic factors such as inflation and the Fed’s tightening monetary policy. These factors are causing interest rates across the board to increase, which directly impacts borrowing costs for consumers. For fixed-rate mortgages, this means that while rates have gone up compared to recent months, they remain below 6%, making them more affordable than they were in previous years. Adjustable-rate mortgages (ARMs) have also seen a similar trend, with rates increasing but staying within manageable ranges for most borrowers. This shift in mortgage rates is significant for potential homebuyers and those considering refinancing. While higher rates may reduce purchasing power compared to what was available just months ago, they still remain relatively low, providing an opportunity for borrowers to lock in favorable terms. For those planning to purchase a home or refinance their current mortgage, it’s essential to stay informed about rate trends and evaluate the long-term implications of different loan options. Understanding these dynamics can help borrowers make more informed financial decisions that align with their budget and goals. For readers interested in personal finance and housing market trends, this development underscores the importance of monitoring mortgage rates and how economic factors influence borrowing costs. As the housing market continues to evolve, staying updated on rate changes and their potential impact on loan affordability remains crucial for anyone navigating the home-buying or refinancing process.

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Originally published on NerdWallet on 2/26/2026