US mortgage rates fall to lowest level since September 2022
The average U.S. 30-year mortgage rate fell to 6.09% last week — its lowest since September 2022 — as total applications rose 0.4%, according to the Mortgage Bankers Association.
- Americas
- Anadolu Agency
- Published Date: 07:32 | 25 February 2026
The average interest rate for a 30-year mortgage in the US declined to 6.09% last week, marking its lowest level since September 2022.
The total mortgage applications increased by 0.4% at the week ending on Jan. 20, compared to the previous week, according to data from Mortgage Bankers Association (MBA) released Wednesday.
During the same period, applications for home purchases fell by 5%, while refinancing applications climbed 4%.
The average interest rate for a 30-year mortgage dropped from 6.17% to 6.09%.
Meanwhile, the average rate for a 15-year mortgage edged down from 5.50% to 5.48%.
Joel Kan, vice president of the MBA, said mortgage rates declined last week in line with Treasury yields, adding that the average 30-year mortgage rate has reached its lowest point since September 2022.
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