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Mortgage Rates Drop: 30-Year at 5.87%, Refinance Opportunities

2/17/2026

49 11 Full Breakdown

Summary

Story summary

As of February 17, 2026, mortgage interest rates are favorable for purchases and refinances.
The average rate for a 30-year mortgage is 5.87%.
The average rate for a 15-year mortgage is 5.37%.
Borrowers may find lower rates by shopping around or considering adjustable-rate mortgages.
Closing costs can affect the decision to refinance.

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Story summary

As of February 17, 2026, mortgage interest rates are favorable for purchases and refinances.
The average rate for a 30-year mortgage is 5.87%.
The average rate for a 15-year mortgage is 5.37%.
Borrowers may find lower rates by shopping around or considering adjustable-rate mortgages.
Closing costs can affect the decision to refinance.