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Mortgage Rates Drop to 6.17%, Refinance Applications Surge 132%

2/18/2026

46 6 Full Breakdown

Summary

Story summary

Mortgage rates in Thousand Oaks, California, fell to 6.17% as of January 14, 2026, the lowest in a month.
Total mortgage demand rose 2.8%, with refinance applications up 7%.
Refinance applications are up 132% from the same week last year.
Joel Kan, vice president at the Mortgage Bankers Association, said weaker retail and home sales data influenced Treasury yields.

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Story summary

Mortgage rates in Thousand Oaks, California, fell to 6.17% as of January 14, 2026, the lowest in a month.
Total mortgage demand rose 2.8%, with refinance applications up 7%.
Refinance applications are up 132% from the same week last year.
Joel Kan, vice president at the Mortgage Bankers Association, said weaker retail and home sales data influenced Treasury yields.