Mortgage Rates Inch Down

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) released its Primary Mortgage Market Survey for Feb 12, 2026, reporting the 30-year fixed-rate mortgage (FRM) at 6.09% and the 15-year FRM at 5.44%. Rates are down slightly from last week and notably lower than one year ago.

The 30-year FRM fell from 6.11% last week to 6.09%, and from 6.87% a year earlier; the 15-year FRM fell from 5.50% last week and from 6.09% a year earlier. Freddie Mac noted improving affordability and higher purchase application activity.

Positive

• 30-year FRM at 6.09%, down from 6.87% a year ago
• 15-year FRM at 5.44%, down from 6.09% a year ago
• Freddie Mac reports improving housing affordability and higher purchase application activity

Negative

• 30-year FRM only decreased 0.02 percentage points from last week (6.11% to 6.09%)
• 15-year FRM decreased 0.06 percentage points from last week (5.50% to 5.44%)

News Market Reaction – FMCC

-3.80%

1 alert

-3.80% News Effect

On the day this news was published, FMCC declined 3.80%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MCLEAN, Va., Feb. 12, 2026 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey^® (PMMS^®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.09%.

“Bolstered by strong economic growth, a solid labor market and mortgage rates at three-year lows, housing affordability continues to measurably improve. These factors have caught the attention of many prospective homebuyers, driving purchase application activity higher than a year ago,” said Sam Khater, Freddie Mac’s Chief Economist.

News Facts

• The 30-year FRM averaged 6.09% as of February 12, 2026, down from last week when it averaged 6.11%. A year ago at this time, the 30-year FRM averaged 6.87%.
• The 15-year FRM averaged 5.44%, down from last week when it averaged 5.50%. A year ago at this time, the 15-year FRM averaged 6.09%.

The PMMS^® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. For more information, view our Frequently Asked Questions.

Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | X | LinkedIn | Facebook | Instagram | YouTube

MEDIA CONTACT:
Angela Waugaman
(703)714-0644
Angela_Waugaman@FreddieMac.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fab66add-f061-4b5c-9312-4d9f67c66442

FAQ

What mortgage rates did Freddie Mac (FMCC) report on Feb 12, 2026?

The 30-year fixed-rate mortgage averaged 6.09% and the 15-year averaged 5.44%. According to Freddie Mac, the 30-year was 6.11% last week and 6.87% a year ago, while the 15-year was 5.50% last week and 6.09% a year ago.

How much did the 30-year mortgage rate change week-over-week for FMCC's Feb 12, 2026 survey?

The 30-year rate fell by 0.02 percentage points week-over-week, from 6.11% to 6.09%. According to Freddie Mac, the change was small compared with the larger year-over-year decline from 6.87%.

What did Freddie Mac say about housing affordability and buyer activity on Feb 12, 2026?

Freddie Mac said housing affordability is measurably improving and purchase application activity is higher than a year ago. According to Freddie Mac, strong economic growth and a solid labor market are supporting elevated buyer interest.

How do Feb 12, 2026 mortgage rates compare to a year earlier according to Freddie Mac (FMCC)?

Mortgage rates are notably lower than a year ago: the 30-year fell from 6.87% to 6.09%, and the 15-year fell from 6.09% to 5.44%. According to Freddie Mac, these declines have improved affordability over the past year.

Does Freddie Mac's Feb 12, 2026 PMMS focus on specific loan types or borrower profiles?

Yes. The PMMS focuses on conventional, conforming, fully amortizing home purchase loans with 20% down and excellent credit. According to Freddie Mac, the survey tracks rates relevant to that borrower segment.