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Mortgage rates sink to the lowest level in a month, sparking more refinance demand
Mortgage interest rates dropped last week to the lowest level in a month, prompting more current borrowers to seek savings in a refinance. While lower rates didn't give potential buyers much incentive, the run on refinances was enough to push total mortgage demand 2.8% higher compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $832,750 or less, decreased to 6.17% from 6.21%, with points remaining unchanged at 0.56, including the origination fee, for loans with a 20% down payment.
"Treasury yields ended the week lower as weaker data on retail sales and home sales outweighed better-than-expected readings on the job market for January," said Joel Kan, vice president and deputy chief economist at the MBA, in a release.
Mortgage lenders with the best rates this week, Feb. 17, 2026: Sub-6% offers nearly double
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The number of national mortgage lenders offering mortgage rates below 6% is rapidly growing. So, where can you find the lowest mortgage rates this week?
The Yahoo Finance survey ranks lenders by the lowest annual percentage rate (APR), which includes lender fees. Read on to see the 10 lenders with the lowest rates right now.
MORE: See our top picks for mortgage lenders for first-time home buyers.
Here are the 10 mortgage lenders with the best interest rates this week, as determined by our survey of the lowest mortgage rates on 30-year, fixed-rate conventional loans. The following numbers are each lender’s annual percentage rate (APR).
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