Weekly Mortgage Rate Update for Washington Home Buyers
As of February 12, 2026, mortgage rates have seen a slight dip, providing a potential opportunity for Washington home buyers to lock in favorable rates. According to Freddie Mac’s Primary Mortgage Market Survey, the 30-year fixed mortgage rate averaged 6.09%, a decrease from last week’s 6.11%. Meanwhile, the 15-year fixed rate dropped to 5.44% from 5.50% the previous week. These adjustments, though minor, may influence borrowing costs for prospective buyers in our state.
Key Data Points
The current 30-year fixed rate of 6.09% marks a slight decline and brings this rate 0.78% lower than the 6.87% rate from one year ago. Similarly, the 15-year fixed rate at 5.44% is 0.65% lower than the 6.09% rate from last February. The 10-year Treasury yield, often a precursor for mortgage rate trends, is holding steady at approximately 4.1% as of last Thursday. The Federal Reserve has maintained its current rate after a series of cuts in late 2025, with no changes expected at the upcoming March meeting due to stable labor and inflation data.
Impact on Washington Buyers
For Washington home buyers, these modest decreases in mortgage rates could ease monthly payments slightly, which may be particularly beneficial in competitive markets such as Seattle and Bellevue. Lower rates can improve affordability for first-time buyers and those refinancing in places like Tacoma and Spokane. While the state’s real estate market remains robust, these incremental rate drops might provide some relief amidst high home prices, especially in urban areas.
Rate Outlook for Next Week
Market reports suggest that mortgage rates will likely hover between 6.00% and 6.15% through the rest of 2026. This stability is expected as the Federal Reserve seems poised to maintain its current rate policy in response to steady economic indicators. For Washington buyers considering a home purchase or refinance, consulting with local lenders to discuss these trends could be advantageous. This stable outlook provides a window for informed decision-making, though rates can still fluctuate based on broader economic shifts.
Though the decreases in rates are minor, they reflect a positive trend for buyers. As always, prospective buyers are encouraged to consult financial professionals to understand how these rates may impact their specific circumstances.
For those keeping an eye on the market, staying informed and prepared to act quickly can make a significant difference in securing a favorable mortgage rate. Watch for further updates as we navigate through the year.
Remember, while these insights provide a general overview, each buyer’s situation is unique, and professional advice can be invaluable in navigating Washington’s dynamic real estate market.
Sources: Freddie Mac, Fox Business, The Mortgage Reports.
Disclaimer: This article provides general information and is not intended as financial advice. Readers should consult with financial advisors or lenders for advice tailored to their specific needs.
