Mortgage Rates Week of February 2, 2026: 6.33%

# Mortgage Rates Week of February 2, 2026 Current mortgage rates as of February 2, 2026, based on Freddie Mac PMMS weekly survey data. ## This Week's Rates | Loan Type | Rate | |-----------|------| | 30-Year Fixed | 6.33% | | 15-Year Fixed | 5.62% | ## What This Means for Buyers At 6.33% on a 30-year fixed mortgage: | Home Price | Monthly P&I | Total Interest | |------------|-------------|----------------| | $300,000 | $1,490 | $296,483 | | $400,000 | $1,987 | $395,311 | | $500,000 | $2,484 | $494,139 | *Assumes 20% down payment. Use our [Mortgage Calculator](/calculator) for personalized estimates.* ## Rate Trends Mortgage rates fluctuate based on economic conditions, Federal Reserve policy, and market factors. The Freddie Mac PMMS survey is conducted weekly and represents the national average for borrowers with strong credit. ### Factors Affecting Your Rate Your individual rate may differ based on: - **Credit score** - Higher scores typically get lower rates - **Down payment** - Larger down payments can qualify for better rates - **Loan type** - Conventional, FHA, VA, and USDA loans have different rate structures - **Loan term** - 15-year loans typically have lower rates than 30-year loans ## What Should You Do? 1. **Get pre-approved** with multiple lenders to compare rates 2. **Use our calculator** to see how rates affect your payment 3. **Consider your timeline** - if buying soon, today's rates are your baseline 4. **Talk to a loan officer** about rate lock options --- *Source: Freddie Mac PMMS. Rates are national averages and may vary by lender, credit score, and loan type.*