US Mortgage Rates Fall for 4th Straight Week

Rates are likely to remain in a high 6 percent range going into the spring market, said a real estate expert.

A home for sale in Miami on Feb. 22, 2023. Joe Raedle/Getty Images

Mortgage rates are continuing the downward trend that began last month, but they remain high enough to trouble prospective buyers.

The average weekly rate for a 30-year fixed-rate mortgage hit 6.87 percent for the week ending on Feb. 12, marking the fourth consecutive weekly decline, according to data from Freddie Mac. The rate reached “its lowest level thus far in 2025,” Sam Khater, chief economist at Freddie Mac, said.