Freddie Mac Reports Decline in Mortgage Rates
MCLEAN, Va., Feb. 19, 2026 (GLOBE NEWSWIRE) -- Freddie Mac ($FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), indicating that the 30-year fixed-rate mortgage (FRM) averaged 6.01%.
“Mortgage rates dropped again this week, now down to their lowest level since September of 2022,” said Sam Khater, Freddie Mac’s Chief Economist. “This lower rate environment is not only improving affordability for prospective homebuyers, it’s also strengthening the financial position of homeowners. Over the past year, refinance application activity has more than doubled, enabling many recent buyers to reduce their annual mortgage payments by thousands of dollars.”
The PMMS® focuses on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. For more information, view our Frequently Asked Questions.
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent, or keep their home. Learn more about our mission at Freddie Mac.
For media inquiries, please contact Angela Waugaman at (703) 714-0644 or via email at Angela_Waugaman@FreddieMac.com.
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