Mortgage and refinance interest rates today, February 10, 2026: Rates remain under 6%, for now

Mortgage rates are still holding just below the 6% mark, a level many buyers and homeowners have been waiting to see again. While rates have been fairly calm lately, there’s no guarantee this window will last much longer.

According to Zillow, the national average 30-year fixed mortgage rate sits at 5.91% today. The 15-year fixed rate is 5.44%. Since these are national averages, actual rates will vary depending on your credit score, lender, and location. With rates hovering near a key psychological level, many borrowers may want to think about locking in soon.

Today’s Mortgage Rates

Based on the latest Zillow data, here are today’s average purchase mortgage rates:

• 30-year fixed: 5.91%
• 20-year fixed: 5.95%
• 15-year fixed: 5.44%
• 5/1 ARM: 5.97%
• 7/1 ARM: 6.23%
• 30-year VA: 5.55%
• 15-year VA: 5.04%
• 5/1 VA: 5.03%

These figures reflect national averages and are rounded to the nearest hundredth.

Today’s Mortgage Refinance Rates

Refinance rates are generally a bit higher than purchase rates, and that pattern holds today:

• 30-year fixed: 6.02%
• 20-year fixed: 5.99%
• 15-year fixed: 5.57%
• 5/1 ARM: 6.11%
• 7/1 ARM: 6.08%
• 30-year VA: 5.63%
• 15-year VA: 5.28%
• 5/1 VA: 5.12%

As always, your refinance rate will depend on your loan details and personal finances.

30-Year vs. 15-Year Mortgage: What’s the Difference?

The 30-year fixed mortgage remains the most popular option because it offers lower monthly payments. However, it also comes with higher total interest costs over time.

For example:

• A $400,000 loan at 5.91% over 30 years comes with a monthly payment of about $2,375, and total interest costs of roughly $455,000.

A 15-year loan offers lower interest rates and much less total interest, but the monthly payment is higher:

• The same $400,000 loan at 5.44% over 15 years would cost about $3,256 per month, with total interest closer to $186,000.

Borrowers who choose a 30-year loan can still reduce interest by making extra payments when possible.

Fixed vs. Adjustable Mortgage Rates

A fixed-rate mortgage locks your interest rate for the life of the loan, making payments predictable. This option works well for buyers who plan to stay in their home long term.

Adjustable-rate mortgages (ARMs) keep the rate steady for a set period, then adjust each year after that. While ARMs sometimes start lower than fixed rates, that hasn’t always been the case recently. Once the fixed period ends, rates can rise, which adds risk for borrowers who plan to stay put.

What’s Keeping Rates Steady Right Now?

Mortgage rates have shown very little movement over the past two weeks. After jumping above 6% in late January due to global tensions, rates slowly drifted back down. Recent employment data has helped keep rates in check, but markets remain sensitive.

Investors are now focused on the upcoming jobs report, which is the most important labor data release of the month. A weaker report could help rates move lower, while stronger-than-expected numbers could push rates back above 6%.

Mortgage Rates Today: FAQs

What is today’s 30-year mortgage rate?
The national average 30-year fixed rate is 5.91% for purchases and 6.02% for refinances, according to Zillow.

Will mortgage rates fall later in 2026?
Forecasts from the Mortgage Bankers Association suggest 30-year rates may hover around 6.1% through much of 2026. Fannie Mae expects rates to stay close to 6% by year-end.

How low could rates go in 2027?
Most projections show rates staying fairly stable in 2027, likely between 6.0% and 6.3%, unless there is a major shift in the economy.

Bottom Line

Mortgage rates remain under 6% for now, but markets are calm—not locked in. Borrowers who are ready may want to act while rates stay near multi-year lows, especially with key economic reports ahead that could change the outlook quickly. For direct financing consultations or mortgage options for you visit 👉 Nadlan Capital Group.