As of February 26, 2026, Freddie Mac reports the 30-year conforming fixed rate at 5.98% — the lowest weekly average since September 2022. After peaking above 7% in 2023 and fluctuating through 2024–2025, rates are now trending downward, reopening strategic opportunities for buyers and sellers who have been waiting on the sidelines. Rate movement drives affordability, pricing psychology, and transaction velocity — and this shift matters.
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