For Homeowners Thinking About Selling

February 12, 2026

Mortgage rates have dropped to their lowest average in more than three years, creating renewed momentum in the housing market just as the spring selling season approaches.

According to Freddie Mac, the average 30-year fixed mortgage rate is now 6.06%, down significantly from 7.04% this time last year. The 15-year fixed rate has also declined, averaging 5.38%. These lower rates are already having an impact — mortgage applications jumped 30% in early January, signaling increased buyer activity and confidence.

Economists note that recent federal discussions around mortgage bond purchases have helped ease rates, at least temporarily, contributing to stronger demand. While long-term rate movement remains uncertain, the current environment is clearly encouraging buyers to re-enter the market.

With buyer interest rising and inventory still relatively tight in many areas, sellers may benefit from increased showings, stronger offers, and improved negotiating positions as the market heads into what is typically the busiest time of year.