As of February 7, 2026, homeowners and prospective buyers can breathe a little easier. The national average 30-year fixed mortgage rate has slid back below the psychological 6% barrier, settling at 5.95% according to Zillow's latest report. This modest decrease from earlier this week is a welcome change, offering a small but significant boost to affordability for many. It’s a positive signal that the market, while still navigating economic currents, is offering a slightly more favorable environment for those looking to finance a home or refinance existing debt.

Today's Mortgage Rates, Feb 7: 30-Year Fixed Falls to 5.95%, 15-Year Fixed Holds at 5.43%

Current Mortgage Rate Snapshot (February 7, 2026)

Let’s break down what these numbers mean for different loan types. Zillow's data shows:

Diving Deeper into Today's Rates

Looking at these figures, a few things stand out to me as someone who’s followed this market for a while.

The 30-Year Fixed: Back in Familiar Territory

The 30-year fixed mortgage rate at 5.95% is a move in the right direction. We’ve seen rates flirt with and tick above 6% recently, so this dip back below offers a bit of breathing room. For many borrowers, especially first-time homebuyers who are often stretching their budgets, every tenth of a percent matters considerably. This rate provides a sense of stability for those who prefer the predictability of a fixed payment over the entire life of their loan.

The 15-Year Fixed: A Powerful Tool for Savings

The 15-year fixed mortgage rate continues to be an incredibly attractive option at 5.43%. While it means higher monthly payments compared to a 30-year loan, the savings on lifetime interest are substantial. If a borrower can comfortably manage the higher payment, choosing a 15-year term can shave years off their mortgage and tens of thousands of dollars in interest. It’s a strategy that builds equity faster and can be a fantastic way to achieve financial freedom sooner.

Adjustable-Rate Mortgages (ARMs): Less Appealing Today

When I look at the ARMs, the 5/1 ARM at 5.93% and the 7/1 ARM at 5.95%, I don't see them offering a significant discount over their fixed-rate counterparts. Historically, ARMs are appealing because they start with a lower interest rate than fixed loans, giving borrowers lower initial payments. However, with these rates so close to, or even matching, 30-year fixed rates, the benefit of the initial lower rate is diminished, and the risk of future rate increases becomes a more prominent concern. For most borrowers today, the certainty of a fixed rate likely outweighs the minimal savings and inherent risk of an ARM.

VA Loans: Still the Champion for naszych Vets

As always, our veterans and active-duty service members are benefiting from some of the most competitive rates available with VA loans. The 5/1 VA loan at a remarkable 4.94% is particularly noteworthy. Rates like these can make homeownership significantly more accessible for those who have served our country. The 30-year VA loan at 5.48% and the 15-year VA loan at 5.18% also present fantastic value. It's a testament to the importance of these programs, and I always encourage eligible individuals to explore them.

What This Means For You

These numbers aren't just abstract figures; they directly impact real people's financial decisions.

• For Homebuyers: That dip back below 6% on the most popular mortgage product is a tangible win. It can make the difference between affording a home in a desired location or needing to adjust expectations. For first-time buyers, this improved affordability is crucial.
• For Refinancers: If you have a mortgage with a rate significantly higher than today's averages – say, above 6.5% or even 7% – it might be time to seriously consider refinancing. Even a seemingly small drop in rates can lead to considerable savings over the life of your loan. I've seen many homeowners save hundreds of dollars a month by taking advantage of a rate drop.
• For Investors: The stability of fixed rates and the continued attractiveness of VA loans offer solid financing options for those looking to acquire investment properties or rental homes. Predictable costs are key for managing investment portfolios.

Decoding the Market: What’s Driving These Rates?

To truly understand today's mortgage rates, we need to look beyond the daily fluctuations at the bigger economic picture. Several key factors are at play:

• The Federal Reserve's Stance: Remember, the Federal Reserve doesn't directly set mortgage rates, but its actions significantly influence them. The Fed’s decision in late January to hold the federal funds rate steady at 3.50%–3.75% signaled a “wait-and-see” approach. This pause has a ripple effect, often leading to a stabilization of the 10-year Treasury yield, which mortgage rates tend to follow closely. When the Fed isn't actively raising rates, it can create a calmer environment for mortgage pricing.
• Economic Data Delays: The current situation with a temporary government shutdown has caused delays in crucial economic reports, like the January jobs report. This delay has left markets in a bit of a holding pattern. Investors are eagerly awaiting this data to gauge the health of the labor market. A cooling job market can signal that inflation is under control, which often leads to lower interest rates. Until that data is released, markets are likely to remain somewhat subdued.
• Government Intervention Speculation: There’s been talk of potential government action, such as President Trump's proposal to “unfreeze” mortgage rates. The idea is to encourage entities like Fannie Mae and Freddie Mac to buy more mortgage bonds. This kind of direct intervention could potentially lower rates by increasing demand for those bonds, which indirectly affects mortgage pricing. While speculative, these “what if” scenarios can create market sentiment.
• The Ongoing Affordability Challenge: Even with rates below 6%, affordability remains a significant issue for many. Home prices, while perhaps not growing as rapidly as they once were, are still at historically high levels. Zillow data shows the median existing home sale price at a substantial $405,700. This means that even with a lower rate, the overall cost of purchasing a home can still be a major hurdle for a large segment of the population.

Looking Ahead: What's Next for Mortgage Rates?

Predicting mortgage rates is never an exact science, but seasoned forecasters offer some insights.

• A Stable Range: Major players like Fannie Mae and the Mortgage Bankers Association (MBA) are generally projecting rates to remain in a fairly tight range, hovering around 6.0% to 6.1% for the remainder of 2026. This suggests a period of relative stability, barring any major economic shocks.
• A More Optimistic Scenario: Some institutions, like Morgan Stanley, are suggesting a potentially more optimistic outlook. They believe that if the 10-year Treasury yield continues to trend downward, we could see rates dipping to as low as 5.75% by the middle of 2026. This would be a significant win for borrowers.
• Spring Housing Market Hopes: Many experts believe that the current stable rate environment will contribute to a stronger spring housing market compared to last year. While it might not be a “breakout” year due to ongoing inventory shortages, we could see more activity and potentially more transactions as buyers feel more confident with rate predictability.

The Takeaway for February 7th

On this February 7, 2026, the mortgage rate news is generally positive. The 30-year fixed mortgage rate has retreated to 5.95%, a welcome break from the above-6% territory seen recently. The 15-year fixed rate remains a solid option for those looking to save on interest, holding steady at 5.43%. And for our eligible veterans, VA loans continue to offer some of the absolute best rates, particularly the 5/1 VA loan at 4.94%. This current environment offers a good window for those considering a home purchase or refinance to explore their options. It’s a time for informed decisions, weighing the benefits of today’s rates against broader economic trends.

As of today, February 6, 2026, mortgage rates are showing a welcome period of stability, with the 30-year fixed mortgage rate hovering just below 6% in many daily reports. While Freddie Mac’s weekly average indicates a slight uptick to 6.11% for the 30-year fixed, Zillow's daily data places it even lower at 5.93%, suggesting that while minor fluctuations are present, the market isn’t experiencing any dramatic swings right now. This steadiness offers a breath of fresh air for anyone looking to buy a home or refinance.

Today's Mortgage Rates, February 6: 30-Year FRM Remains Stable, No Significant Change

What the Numbers Tell Us Today

Let's break down what the major players are reporting:

According to the widely respected Freddie Mac weekly average data, which is a great way to see the general trend over the last week, we're seeing the following:

• The average 30-year fixed-rate mortgage has seen a tiny bump, moving up by one basis point to 6.11%.
• Similarly, the 15-year fixed-rate mortgage has also nudged up slightly to 5.50%.

Now, these might sound like small changes, and they are. But even small shifts can sometimes hint at bigger movements to come. Many analysts are watching economic reports closely, and a recent disappointing job openings report from Thursday could influence future decisions that might, in turn, affect interest rates.

Diving a little deeper, Zillow's daily snapshot for February 6, 2026, gives us a more immediate look at today's averages across popular loan types. This is fantastic for getting a real-time feel for what’s available right now.

Here’s a look at the current figures:

As you can see, Zillow has the 30-year fixed rate a good bit lower than Freddie Mac's weekly average, which really emphasizes how much rates can vary even within a few days. It's a good reminder to always shop around and get personalized quotes.

Let's Talk Key Loan Types

The Ever-Popular 30-Year Fixed Rate

Today, the 30-year fixed rate at 5.93% (according to Zillow) is a really attractive number for many borrowers. Staying under the 6% mark for a long-term loan is a big deal, especially when you think about what rates were like not too long ago. Freddie Mac's slightly higher weekly figure of 6.11% shows that while the average is holding steady, there's still a bit of upward pressure in the market that daily data helps reveal. This is crucial for understanding the overall trend versus what you might qualify for today.

The Speedy 15-Year Fixed Rate

For those who want to build equity faster and pay less interest over the life of the loan, the 15-year fixed rate continues to be a solid choice. Zillow reports it at 5.36%, while Freddie Mac's weekly average is 5.50%. The consistency here is great news. It means if you're looking to shorten your loan term, you're likely to find competitive options without much hassle.

Adjustable-Rate Mortgages (ARMs): Are They Worth It Now?

When we look at Adjustable-Rate Mortgages (ARMs), the numbers are pretty close to fixed rates right now. The 5/1 ARM is at 5.74%, and the 7/1 ARM is at 5.81%. Historically, people choose ARMs for that lower initial rate and payment. But with fixed rates so close, the traditional advantage of an ARM is a bit diminished. It makes you really question whether the potential future uncertainty of rising rates is worth the minimal upfront savings. I always advise people to think hard about their long-term plans before opting for an ARM when fixed rates are this appealing.

VA Loans: A Big Thank You to Our Heroes

VA loans continue to offer incredibly competitive rates for our veterans and active-duty service members. It’s always good to highlight these.

• The 30-year VA rate is 5.51%.
• The 15-year VA rate is 5.19%.
• The 5/1 VA rate is 5.09%.

These rates are quite a bit lower than their conventional counterparts, offering significant savings. If you’re eligible for a VA loan, it’s almost always the best path to homeownership.

What This Means for You

So, what do these figures mean for the average person looking to get into the housing market or improve their current situation?

• For Homebuyers: This stable rate environment is fantastic! It means you can budget more confidently. You're not facing the shock of a rate jumping significantly just days after you started looking. This stability allows for more thoughtful decisions about the homes you can afford and the mortgages that fit your budget.
• For Refinancers: If you have an older mortgage with a rate well above 6.5% or even 7%, now is still a good time to explore refinancing, especially with the 30-year fixed rate hovering below 6%. While it might not be a massive drop for everyone, even a percentage point or two can save you a substantial amount of money over the life of your loan. I’ve seen people save thousands of dollars a year by refinancing at the right moment.
• For Investors: Consistent borrowing costs are a dream for real estate investors. It makes planning your cash flow for rental properties much easier. When your financing costs are predictable, you can better forecast your returns, which is essential for smart investment decisions.

Looking Ahead: What Could Happen Next?

While today’s rates are steady, the housing market is always tied to the broader economy. That disappointing job openings report I mentioned earlier could be a signal. If the job market continues to show signs of cooling, it might prompt the Federal Reserve to consider lowering interest rates. This, in turn, could trickle down to lower mortgage rates in the coming weeks and months.

My take on this is that we’re in a holding pattern. The Fed is carefully balancing inflation control with economic growth, and mortgage rates are a key tool in that balancing act. We'll likely see rates remain sensitive to economic data, especially anything related to employment and consumer spending.

In Conclusion

As of February 6, 2026, mortgage rates are in a state of equilibrium. The 30-year fixed rate stands at about 5.93% according to Zillow’s daily data, while Freddie Mac’s weekly average is slightly higher at 6.11%. The 15-year fixed rate is also holding strong around the 5.36%–5.50% mark. For those eligible, VA loans continue to offer exceptional value. This period of calm is beneficial for borrowers and investors alike, providing a predictable window in what is often a dynamic market, even as we watch economic indicators for signs of future shifts.

Today, February 5, 2026, the average 30-year fixed mortgage rate has inched up to 6.03%, the highest it’s been in about two weeks, according to Zillow. While this might sound like a small move, it’s worth paying attention to because even small shifts can impact how much house you can afford or how much you save by refinancing. The good news? The 15-year fixed rate is holding steady at a solid 5.50%, offering a dependable choice for those looking to pay off their home sooner.

Today's Mortgage Rates, Feb 5, 2026: A Gentle Push Upward

We’ve come down quite a bit from the nearly 8% highs we saw back in 2023, and that relief has already got more people looking to buy homes and others thinking about refinancing their existing mortgages. Today’s slight bump up in the 30-year rate is a reminder that while we’re not back at those peak levels, the market is always moving.

What Are the Rates Like Today?

Here’s a quick breakdown of the average rates we’re seeing today, February 5, 2026, based on information from Zillow:

Understanding the Numbers

Let’s dive a little deeper into what these numbers mean for you.

The 30-Year Fixed Rate: A Slight Climb

Hitting 6.03% for the 30-year fixed mortgage means borrowers looking for that long-term stability will see a tiny increase in their monthly payments compared to just a few days ago. For anyone on a tight budget, this difference, though small, is something to consider when figuring out what you can comfortably afford. It’s a reminder that while rates have cooled from their highest points, they are still sensitive to all sorts of economic news. This means it’s crucial to lock in a rate when you feel it’s right for your situation.

The 15-Year Fixed Rate: Steady As She Goes

It’s really reassuring to see the 15-year fixed rate holding firm at 5.50%. This is fantastic news for buyers who want to own their home outright faster and, of course, pay less interest over the life of the loan. If you’re looking to make bigger payments now to avoid missing out on lower interest costs down the road, this rate is very attractive. It offers a predictable and lower overall cost of borrowing.

Adjustable-Rate Mortgages (ARMs): A Growing Question Mark

The 5/1 ARM has nudged up to 6.23%, and the 7/1 ARM is now at 6.25%. ARMs often get people interested because their initial rates are usually lower than fixed rates, which means a smaller payment at the start. However, the big catch is that after those first five or seven years, your rate can go up or down depending on the market. With fixed rates remaining relatively stable and not incredibly high, the appeal of ARMs might be a bit less strong right now. It’s a trade-off between an initial lower payment and the risk of paying more later. For me, unless you’re absolutely sure you’ll move or refinance before the adjustment period, the stability of a fixed rate often makes more sense these days.

VA Loans: Still a Great Deal for Our Heroes

I’m always happy to see the continued strong performance of VA loans. These are such a valuable benefit for our veterans and active-duty military. Today, the 30-year VA rate is 5.57%, the 15-year VA at 5.22%, and the 5/1 VA at 5.00%. These rates are impressively competitive, often beating out conventional loan options. If you’re a veteran or know one, definitely explore these if you’re looking to buy a home. They represent significant savings and are a well-deserved perk.

What Does This Mean for You?

• For New Homebuyers: That small rise in the 30-year fixed rate might make you feel the pinch a little when calculating your monthly payments. However, remember we're still in a much better place than we were just a year or two ago. It’s still a good time to be in the market, but it emphasizes the need to be smart about your budget and shop around for the best lender.
• For Refinancers: If your current mortgage rate is sitting above, say, 6.5% or even 7%, you might still find a significant benefit in refinancing. While today’s rates aren’t necessarily a “jump in and refinance now” scenario for everyone, they are still much lower than what many people locked in during the hotter rate periods. It’s always worth getting a quote to see if you can lower your payments or shorten your loan term.
• For Investors: The steady 15-year fixed rate and the excellent VA loan options could be very interesting for real estate investors. If you’re looking at buying rental properties or other investment real estate, these predictable financing options can help you manage your costs and make your numbers work.

Looking Ahead

So, what’s next? We’re heading into what’s typically the busy spring housing market. Mortgage rates are expected to keep reacting to what’s happening in the economy, especially inflation figures and any hints from the Federal Reserve about interest rates. While today’s small upward movement is noteworthy, it doesn’t signal a massive shift. It just highlights how important it is to keep an eye on these trends.

Now, let’s talk about what’s influencing all of this.

• The Federal Reserve’s Position: Remember, on January 28, 2026, the Fed decided to keep the federal funds rate where it was, between 3.5% and 3.75%. This “pause” came after they had cut rates three times in the latter half of 2025, which is what helped bring mortgage rates down in the first place. Their current stance suggests they’re looking for more signs that inflation is truly under control before making any more moves.
• Policy Moves: There’s been talk about potential government actions to help the mortgage market. President Trump has suggested measures to “unfreeze” it, which could involve government-backed entities like Fannie Mae and Freddie Mac buying more mortgage bonds. The idea behind this would be to further encourage lower mortgage rates.
• Market Calm Before the Storm? With no Federal Reserve meeting scheduled for February 2026, many people in the industry are expecting a bit of a lull. This could mean a period of relative stability, which is often a good time for homebuyers to really focus on finding the best lender and getting their best possible rate without feeling pressured by huge daily swings.

The Essential Takeaway

Here’s the bottom line for February 5, 2026: The 30-year fixed mortgage rate has ticked up to 6.03%, its highest in two weeks. The 15-year fixed rate remains a stable 5.50%. Meanwhile, ARMs and VA loans have also seen very slight increases. These are all signs of a market that’s solid but still paying attention to economic signals. For buyers and investors, there are still opportunities, but it really comes down to having a smart financing plan.

As of February 4th, if you're thinking about buying a home or looking to refinance your current mortgage, I've got good news: mortgage rates are offering a reassuring sense of stability. The most popular loan, the 30-year fixed mortgage rate, is holding nicely under the 6% mark, currently sitting at 5.98%, according to the latest data from Zillow. This figure is a welcome sight, representing a significant year-over-year decrease of 61 basis points compared to where we were at this time last year. It’s a clear sign that affordability has improved, and that’s a big win for many people.

Today's Mortgage Rates, Feb 4: 30-Year Fixed Rate Holds Steady Around 5.98%

The 15-year fixed mortgage rate is also showing robust performance, standing at 5.50%. This is even 73 basis points lower than this time last year, which is fantastic news for those who can comfortably manage a higher monthly payment and want to build equity faster. These numbers paint a positive picture for both aspiring homeowners and those looking to leverage their current homeownership.

Today’s Mortgage Rates: A Snapshot

Let’s break down what those numbers actually mean for different types of loans. Based on Zillow’s data as of today, February 4th, here’s how the averages are stacking up:

Understanding the Market Context

I always feel it’s important to look beyond just the headline numbers. Let’s dig a little deeper into what these individual rates signify:

The Dependable 30-Year Fixed Rate

For most people, the 30-year fixed rate is the gold standard, and at 5.98%, it's incredibly attractive. This loan type offers that precious predictability. You know exactly what your principal and interest payment will be for the next three decades. In a market that has seen its share of ups and downs over the past couple of years, having that long-term stability is a huge comfort, especially when you're making one of the biggest financial decisions of your life.

The Equity-Building 15-Year Fixed Rate

The 15-year fixed rate, currently at 5.50%, is a fantastic option if you’re in a strong financial position. Yes, your monthly payments will be higher than with a 30-year loan, but the benefits are significant. You'll pay off your mortgage much faster, and more importantly, you'll save a substantial amount on interest over the life of the loan. I’ve seen many clients benefit immensely from this path, building substantial equity in their homes years earlier than they would have otherwise.

Adjustable-Rate Mortgages (ARMs): A Closer Look

Adjustable-rate mortgages, like the 5/1 ARM at 5.92% and the 7/1 ARM at 6.12%, are showing rates that are very close to their fixed-rate counterparts. Historically, ARMs offered a lower initial rate to entice borrowers, but that gap has narrowed significantly. While they can offer a lower payment for the first 5 or 7 years, the real gamble comes with the subsequent adjustments. Given how stable the fixed rates are right now, I’d be cautious about choosing an ARM unless you have a very specific, short-term plan for the property or anticipate rates falling considerably in the future. Most people I speak with find the security of a fixed rate far more appealing today.

The Value of VA Loan Products

It’s crucial to highlight the continued strength of VA loan products. These are designed to support our veterans and active-duty service members, and they consistently offer competitive terms. With the 30-year VA at 5.53% and the 15-year VA at 5.23%, these rates often beat conventional loan options. For eligible borrowers, VA loans are not just about lower interest rates; they often come with no down payment requirements and no private mortgage insurance (PMI), which can translate into significant savings.

What Today’s Rates Mean for You

Understanding these rates is one thing, but how do they impact you specifically?

• For Refinancers: If you took out a mortgage when rates were higher, say above 6.5% or even 7%, now is absolutely the time to explore refinancing. The year-over-year decrease I mentioned earlier means you could potentially lower your monthly payments, shorten your loan term, or tap into your home's equity. It's a smart financial move to review your current mortgage and see if you can benefit from these improved rates.
• For New Buyers: The stability of rates under 6% is precisely what helps buyers budget effectively. Knowing your biggest housing expense (your mortgage payment) is predictable makes the homeownership journey less stressful and more achievable. This environment allows buyers to feel more confident in their long-term financial planning.
• For Investors: Lower mortgage rates can significantly improve the cash flow on investment properties. This means that rental income has a better chance of covering the mortgage payment and other expenses, potentially leading to a higher return on investment. For those looking at rental properties in strong markets, today’s rates make those deals look even more enticing.

Recent Market Moves and What They Tell Us

It’s not just about today's numbers; it’s about understanding the forces that shape them. I’ve been watching the market closely, and a few recent events stand out:

• The $200 Billion Bond Buy: Not too long ago, we saw rates drop below 6% for many because of a significant move by government-sponsored enterprises like Fannie Mae and Freddie Mac. They were directed to purchase a substantial amount of mortgage-backed securities. This injection of liquidity is designed to directly improve affordability for borrowers, and it clearly had a positive effect on bringing rates down.
• The “Greenland Jump” Phenomenon: You might have heard about a sudden, albeit temporary, spike in rates. This event, which was linked to geopolitical news about the U.S. potentially acquiring Greenland, really highlighted how sensitive the mortgage market can be to global events. It showed me that even seemingly distant concerns can have a ripple effect on something as fundamental as mortgage rates. It's a vivid reminder that unexpected news can influence market behavior.
• The Fed's Pause: The Federal Reserve made its decision at its January 28th meeting to keep its benchmark interest rate steady. This follows a series of rate cuts in late 2025, and the Fed’s continued stance of maintaining the target range between 3.50% and 3.75% signals a commitment to stability. While the Fed rate isn't directly mortgage rates, it strongly influences them, so this pause is a key factor in the current market.

Looking Ahead: What's Next for Mortgage Rates?

My opinion is that we're likely to see mortgage rates continue to hover around that 6% mark in the near future. If inflation keeps showing signs of cooling down, that could exert even more downward pressure on rates. Keep an eye on Federal Reserve pronouncements and the movement of Treasury yields, as these will be the main drivers dictating rate trends for the first half of 2026.

There’s also a lot of talk about how rate drops impact the market. Analysts from the National Association of Realtors (NAR) predict that every 1% drop in mortgage rates could make an additional 5.5 million households eligible to buy a home. While this is fantastic for increasing homeownership, it’s also something to consider, as increased demand could put upward pressure on home prices. It’s a delicate balance, for sure.

In Conclusion: A Favorable Moment

To wrap it up, today, February 4th, mortgage rates are offering a welcome sense of stability. With the 30-year fixed at 5.98% and the 15-year fixed at 5.50%, both showing significant improvement from last year, this is a valuable time for anyone looking to make a move in the housing market. Whether you’re buying your first home, looking to upgrade, or considering refinancing an existing loan, the current rate environment provides an excellent opportunity to secure favorable terms.

For anyone keeping an eye on the housing market, the news today, February 3rd, is pretty good: mortgage rates are holding steady below the significant 6% mark. This is a welcome sign for many, as the average 30-year fixed mortgage rate is currently sitting at 5.97%, according to Zillow. It’s been a bit of a rollercoaster lately, but this period of relative calm suggests we might be in a sweet spot for making those big homeownership dreams a reality or for saving money by refinancing.

The 15-year fixed mortgage rate is also holding its ground, coming in at 5.47%. This shorter-term loan is fantastic for those looking to pay off their homes faster and save a good chunk of change on interest over time. While nobody has a crystal ball, this consistency offers a valuable chance to lock in a great rate before things potentially shift again.

Today's Mortgage Rates, Feb 3: Rates Below 6% Are Opening a Window for Buyers

Let's see what the numbers look like across some of the most common loan types:

(Data sourced from Zillow)

What These Numbers Mean for You

The Dependable 30-Year Fixed: Still Under 6%

This is the go-to for so many people, and for good reason. A 30-year fixed rate at 5.97% gives you that peace of mind with predictable monthly payments for decades. The fact that it's stayed below 6% for a couple of weeks now is a big deal. We’ve seen borrowers jump on even the smallest dips in rates recently, so this sustained period is a clear signal that it's a good time to act.

The Smart 20-Year Fixed: A Good Balance

If you're looking for a middle ground, the 20-year fixed rate at 5.90% is worth considering. It lets you pay off your mortgage a bit faster than a 30-year loan and save on interest, without making your monthly payments jump too high like a 15-year loan might. It’s a solid choice for many who want a bit more flexibility.

The Speedy 15-Year Fixed: Best for Savings

For those who can manage the higher monthly payments, the 15-year fixed rate at 5.47% is incredibly attractive. You'll build equity in your home much quicker, and the amount of interest you pay over the life of the loan will be significantly less. This is a fantastic option if your budget allows for it.

Adjustable-Rate Mortgages (ARMs): A Touch of Caution

• 5/1 ARM: 5.95%
• 7/1 ARM: 5.82%

While ARMs often start with lower rates, they come with the risk that your interest rate could go up after the initial fixed period. Right now, with fixed rates holding so nicely under 6%, the appeal of ARMs isn’t quite as strong for many borrowers. You have to weigh the potential savings now against the risk of higher payments later.

What's Making the Rates Behave This Way?

It’s always good to understand what’s influencing these numbers, so you can better predict what might happen next.

The Federal Reserve's Pause

The Federal Reserve decided to keep its key interest rate where it is, in the range of 3.5% to 3.75%. They also noted that the economy is growing “solidly” rather than just “moderately.” This suggests they are likely to keep things steady for a while, which is generally good for mortgage rates. They aren't in a hurry to raise rates, and they aren't rushing to cut them either, which means more stability.

Treasury Yields are Key

Mortgage rates don’t just move on their own; they are closely tied to what’s happening with the 10-year Treasury yield. This is like the benchmark interest rate for longer-term borrowing in the U.S. The 10-year yield recently opened around 4.24%. What lenders and borrowers are watching for is the “spread” – the difference – between this Treasury yield and the mortgage rates consumers get. If that spread narrows, it can mean even better mortgage rates for us.

The Economic Forecast Matters

Things happening around the world and right here at home can shake up these rates. Geopolitical events can create uncertainty, which often leads to people seeking out safer investments, sometimes pushing Treasury yields down. Also, closely watched economic reports, like the upcoming Employment Situation Summary due early this month, will give us a clearer picture of the job market. Strong jobs numbers can sometimes lead to higher rates, while weaker numbers might lead to lower ones.

My Take on the Market Right Now

Honestly, I'm feeling pretty optimistic for borrowers. We've seen rates climb quite a bit over the past couple of years, and it felt like there was no end in sight. Now, seeing the 30-year fixed rate consistently below 6% feels like a breath of fresh air. It's not the super-low rates we saw during the pandemic, but it's certainly a far cry from the peak rates of last year.

This stability is what many people need. Whether you're a first-time buyer navigating the complexities of affordability or a homeowner looking to leverage a refi for some financial breathing room, having rates hover in this range is genuinely helpful. It gives you more certainty when you’re planning your budget and making those crucial decisions.

I’ve been in this business long enough to know that rates can change quickly. What we’re seeing today is a valuable window. It's a chance to take advantage of relatively favorable borrowing costs before inflation pressures potentially push rates back up, or before the Fed makes any unexpected moves.

Wrapping It Up: Seize the Opportunity

So, to recap, today's mortgage rates are holding strong below 6%, with the popular 30-year fixed at 5.97% and the cost-saving 15-year fixed at 5.47%. While there was a slight bump today, the overall trend is encouraging.

If you've been on the fence about buying a home or refinancing your current mortgage, I truly believe this is the moment to seriously consider it. Lock in a rate you're comfortable with and get those important financial steps taken care of. Waiting could mean facing higher borrowing costs down the line.

As of today, February 2nd, 2026, mortgage rates are holding comfortably under the 6% mark, with Zillow reporting the 30-year fixed rate at 5.91% and the 15-year fixed at 5.44%. This welcome trend means borrowing costs are at their lowest levels since back in 2022, offering a much-needed breath of fresh air for potential homeowners.

Seeing them dip below the mental barrier of 6% is genuinely encouraging. For so long, it felt like rates were just climbing higher and higher, making the dream of homeownership seem almost out of reach for many. Now, with this positive shift, there's a renewed sense of possibility.

Today's Mortgage Rates, Feb 2: Rates Stay Firmly Below 6%, Bringing Borrowing Costs Down

What the Numbers Mean for You Right Now

The current rate environment is a fascinating mix of affordability and careful consideration. With averages sitting just below that 6% threshold, borrowers are in a much stronger position than they were even a short while ago. This isn't just a minor fluctuation; it can translate into significant savings over the life of your loan.

Here’s a breakdown of what Zillow is reporting for today's mortgage rates:

(Data by Zillow)

Understanding Your Best Mortgage Options

Let’s dive a bit deeper into what these different rates mean for your unique situation.

The Stalwart 30-Year Fixed at 5.91%

The 30-year fixed-rate mortgage is, and likely always will be, the go-to for most people looking to buy a home. At 5.91%, it’s a rock-solid choice that provides a predictable monthly payment for decades. This is especially crucial for households that value financial stability and want to know exactly what their mortgage payment will be, year in and year out. It offers peace of mind, allowing you to budget more effectively without the worry of unpredictable payment hikes (unlike some other loan types). This rate makes long-term borrowing costs far more manageable.

The Quick-Equity Builder: 15-Year Fixed at 5.44%

If your goal is to pay off your mortgage faster and save significantly on interest over the long run, the 15-year fixed rate at 5.44% is your best bet. While the monthly payments will be higher than a 30-year loan, the trade-off is substantial. You'll build equity in your home much quicker, and the total interest paid over the life of the loan will be considerably lower. I’ve seen firsthand how much this can impact a borrower’s net worth and financial freedom years down the line. It’s a strategy that requires a bit more upfront financial commitment, but the long-term rewards are undeniable.

Adjustable-Rate Mortgages (ARMs): A Finer Point to Consider

ARMs are still hovering near that 6% mark, with the 5/1 ARM at 5.93% and the 7/1 ARM at 6.04%. These loans typically offer lower initial payments, which can be appealing. However, it's vital to remember the built-in risk. After the initial fixed period (5 or 7 years in these cases), the interest rate can adjust, potentially increasing your monthly payments.

From my perspective, in the current environment where fixed rates are so attractive, ARMs are best suited for borrowers who have a very clear plan to sell their home or refinance before the adjustable period kicks in. If long-term stability is your priority, sticking with a fixed-rate mortgage is generally the safer and more predictable choice.

Dedicated Support: VA Loan Rates

For our veterans and eligible service members, the VA loan continues to offer exceptional value. Today, the 30-year VA fixed rate is at 5.50% and the 15-year VA fixed rate is at 5.13%. These rates are fantastic and reflect the gratitude our country has for those who have served. The 5/1 VA ARM is also a competitive option at 5.16%, providing flexibility for those with specific circumstances.

What's Driving These Mortgage Rate Movements?

It's not just random chance that mortgage rates are behaving the way they are. Several key factors are playing a significant role:

• The Federal Reserve's Steady Hand: The Federal Reserve recently decided to hold the federal funds rate steady at 3.50% to 3.75%. This pause comes after a series of rate cuts late last year and indicates a cautious approach from the central bank. They are carefully watching inflation, which remains “somewhat elevated” at 2.7%, before making any further significant moves. This stability from the Fed generally leads to more predictable mortgage rates.
• Government Support for the Housing Market: A significant move by the federal government to direct Fannie Mae and Freddie Mac to purchase $200 billion in mortgage-backed securities has also provided downward pressure on rates. This action helps lower the cost of mortgage borrowing, making it more accessible for consumers. It’s a clear signal of support for the housing sector.
• A Surge in Refinancing: As rates have dropped significantly – nearly a full percentage point compared to about a year ago when the 30-year average was closer to 6.95% – we're seeing a healthy increase in refinance applications. Many homeowners are realizing this is a prime opportunity to lower their monthly payments or shorten their loan terms. It’s a smart financial move for those who see value in tapping into these lower rates.

Looking Ahead: What Experts Predict for 2026

So, what does the future hold for mortgage rates? While no one has a crystal ball, major housing experts seem to agree on one thing: rates are likely to remain in a relatively narrow trading range for the foreseeable future.

• Fannie Mae is forecasting that 30-year fixed rates will stick close to 6% for the remainder of 2026. This suggests a period of stability rather than dramatic swings.
• The Mortgage Bankers Association (MBA) has a similar outlook, expecting rates for conforming loans to stay between 6% and 6.5% throughout the year.
• A more optimistic projection comes from Morgan Stanley, which suggests a potential dip to between 5.50% and 5.75% by mid-2026. This scenario hinges on a decline in the 10-year Treasury yield, which is a key indicator for mortgage rates.

From my experience, these forecasts are reasonable. The economic forces at play are complex, but the general consensus points towards a fairly stable rate environment for now. This is good news for both buyers and those looking to refinance, as it allows for more confident long-term financial planning. Take advantage of these more favorable borrowing costs – it could make a significant difference in your financial future.

Finally, the mortgage rates we've been hoping for are starting to appear! For those looking to buy a home or refinance an existing mortgage, February 1st marks a significant turning point, bringing average 30-year fixed mortgage rates down to 5.91% and 15-year fixed rates to 5.44%. While these are national averages and your personal rate could be even lower based on your creditworthiness and loan specifics, this is genuinely good news for many. I've been watching the housing market for years, and this kind of movement is exactly what can unlock opportunities for people.

Today's Mortgage Rates, Feb 1: 30-Year Fixed Hits 5.91%, Refinancing Becomes Attractive

A Quick Look at Today's Numbers

To get a clear picture, let's break down the national averages as of Zillow's latest data for February 1st:

Seeing these numbers, especially the 30-year fixed dipping below 6%, is a really positive sign. It comes after a period of uncertainty, and this stability, or even slight improvement, is what people need to feel confident about making big financial decisions.

What This Means for Those Buying a Home

If you're in the market to buy a home, these rates are a breath of fresh air. That 30-year fixed rate of 5.91% is a crucial number. It's the rate many potential buyers have been watching, waiting for it to hit a point where monthly payments become more manageable and fitting into their budget. I've spoken with many clients who put their home searches on hold when rates were higher, and this drop could be the catalyst they need to jump back in. Your overall purchasing power can genuinely improve when your monthly mortgage payment decreases.

Beyond the 30-year fixed, the 20-year fixed rate at 5.86% is an interesting middle ground. It offers a bit more affordability than a 15-year, but still allows you to build equity faster than a 30-year. And, of course, the 15-year fixed at 5.44% is still a fantastic option if your goal is to pay off your home quickly and save a significant amount of money on interest over the life of the loan.

Refinancing Opportunities Are Back

Homeowners who already have a mortgage can also really benefit from these current rates. If you've been paying a higher rate for the past few years, refinancing could translate into lower monthly payments or the chance to pay off your mortgage faster. Imagine saving a few hundred dollars each month just by adjusting your loan terms. That's a tangible improvement to your financial well-being.

The 30-year fixed refinance at 5.91% is appealing for anyone looking to reduce their monthly outlay. Meanwhile, securing a 15-year fixed refinance at 5.44% could be a smart move to accelerate your debt repayment and become mortgage-free sooner.

And for our veterans and active-duty service members, the VA loan rates are particularly strong. With the 30-year VA at 5.50% and the 15-year VA at 5.13%, these represent excellent value and a great opportunity to leverage your service benefits for more favorable terms. I've seen firsthand how much of a difference these specialized loans can make for those who have served our country.

A Look at Adjustable-Rate Mortgages (ARMs)

It's worth noting how the adjustable-rate mortgages (ARMs) stack up. The 5/1 ARM is at 5.93% and the 7/1 ARM is at 6.04%. While ARMs can sometimes offer a lower starting rate compared to fixed options, the current environment actually makes fixed rates look quite attractive for long-term stability. If you plan to move or refinance before the initial fixed period of an ARM ends, they can still be a strategic choice. However, for most people seeking predictability in their housing costs for years to come, the current fixed rates are likely the more comfortable bet.

What's Shaping the Market Outlook?

So, why are rates moving in this direction? Several factors are at play, and it's not just a random fluctuation.

• Federal Reserve's Cautious Stance: On January 28th, 2026, the Federal Reserve decided to keep its benchmark interest rate steady, somewhere between 3.50% and 3.75%. This was a bit of a pause after a few rate cuts, and it signals they're watching inflation closely. Even though inflation is still a bit elevated at 2.7%, this pause suggests they aren't aggressively trying to cool down the economy right now, which is good for mortgage rates.
• Government Support for the Market: There's been some direct government action to help the housing market. Fannie Mae and Freddie Mac were directed to buy up $200 billion in mortgage-backed securities. This injection of money into the market tends to push mortgage rates down, making them more accessible.
• Market Stabilization: Experts are describing the market as “holding flat” right now. This means things aren't dramatically changing day-to-day. Investors are taking a moment to understand where the economy is headed, especially after the Fed's comments about it being “solid.” This period of relative calm is beneficial for borrowers.

Looking Ahead: Forecasts for 2026

Most experts believe rates will stay within a pretty predictable range for the rest of 2026. We're generally looking at rates between 6% and 6.5%.

• Fannie Mae is predicting that by the end of the year, the 30-year rate will likely settle around 6%.
• The Mortgage Bankers Association (MBA) anticipates an average rate of 6.1% throughout the year.

There's also something called a “psychological threshold” that economists talk about. If rates dip below 5.99%, it's often seen as a big deal. Studies suggest that when rates start with a “five,” it can significantly boost buyer demand by as much as 30%. People are more likely to act when they see those numbers looking more appealing on paper.

My Take: A Good Time to Explore Your Options

As a seasoned observer of the mortgage market, I can tell you that these rates are a welcome development. The national average 30-year fixed mortgage rate of 5.91% isn't just a number; it represents a tangible shift that can make homeownership more achievable and refinancing a smart financial move.

Whether you're a first-time buyer dreaming of your own place or a homeowner looking to improve your financial situation, now is an excellent time to explore what's available. Don't just rely on national averages; get pre-approved and talk to lenders. Your unique financial profile is what truly matters, and you might be able to secure an even better rate.

Conclusion

With today's mortgage rates, particularly the 30-year fixed at 5.91%, both buyers and refinancers are stepping into more favorable territory. This is a moment to seriously consider your housing goals and see how these rates can work for you. It’s an opportunity that shouldn't be overlooked.

Here's the good news for anyone thinking about buying a home or refinancing their current mortgage: As of January 31, 2026, the average rate for a 30-year fixed mortgage is comfortably sitting below 6%, specifically at 5.91%. This is a significant milestone and offers a much-needed breath of fresh air for many navigating the housing market.

Seeing this number dip below 6% is a sign that things are shifting, and it opens up possibilities that might have seemed out of reach just a year or two ago.

Today's Mortgage Rates, Jan 31: 30-Year Fixed Rate Stays Comfortably Below 6%

A Quick Look at Today's Rates

To give you a clearer picture, here's a breakdown of some common mortgage types based on data from the Zillow lender marketplace:

Source: Zillow, January 31, 2026

The Power of the 30-Year Fixed: Why 5.91% Matters

That 5.91% figure for the 30-year fixed mortgage is more than just a statistic; it's a genuine sigh of relief. We've had a pretty wild ride with mortgage rates, especially in the past few years. Climbing above 7% was the norm for a while, so hitting this sub-6% mark is a big deal.

Let me put this into perspective for you. Imagine you're taking out a $300,000 mortgage. If you were looking at a rate of, say, 6.75% compared to today's 5.91%, you'd be saving roughly $150 every single month. Over the course of a year, that's over $1,800 in your pocket that you can use for other things – maybe home improvements, saving, or even just enjoying life a little more. It's these kinds of savings that make homeownership more accessible and less of a financial strain.

The 15-Year Fixed: A Smart Move for Savvy Borrowers

While the 30-year is the most popular choice for its lower monthly payments, the 15-year fixed mortgage rate at 5.44% is incredibly attractive for those who can handle a slightly higher payment. The trade-off is well worth it for many. You'll pay off your home a decade sooner and, more importantly, save a massive amount of money on interest over the life of the loan. We're talking tens of thousands of dollars saved. It’s a powerful tool for building wealth and achieving financial freedom faster.

Adjustable-Rate Mortgages (ARMs): A Look at Today's Picture

When it comes to Adjustable-Rate Mortgages (ARMs), the story today is a little less compelling than it used to be. The 5/1 ARM is at 5.93%, which is practically the same as the 30-year fixed rate. The 7/1 ARM is even a bit higher at 6.04%.

Historically, ARMs could offer a noticeable initial savings. However, with today's rates, the benefit isn't as pronounced. While they can still be a good option for some, especially if you plan to sell or refinance before the initial fixed period ends, the limited advantage compared to fixed rates means you need to weigh the decision very carefully.

VA Loans: Still Offering Great Value for Our Veterans

It's always important to highlight the fantastic options available to our veterans and active-duty service members through VA loans. These rates are consistently lower than conventional mortgages, and that remains true today:

• 30-year VA: 5.50%
• 15-year VA: 5.13%
• 5/1 VA ARM: 5.16%

These competitive rates demonstrate the ongoing commitment to supporting those who have served our country. If you're a veteran, exploring a VA loan is almost always a smart first step.

Understanding Rate Variations: Zillow vs. Freddie Mac

You might notice that rates reported by Zillow can sometimes be a little different from what you see in the news from sources like Freddie Mac. This isn't a mistake; it's just how the data is collected. Zillow works by pulling real-time information directly from its marketplace of lenders, showing you what offers are actually out there right now. Freddie Mac, on the other hand, surveys lenders weekly, so their numbers can sometimes lag a bit behind the very latest shifts in the market. This is why Zillow’s figures can often feel more immediate and responsive to daily changes in the broader economic picture.

What's Driving These Rates? The Big Picture

So, why are rates finally dipping below that 6% mark? A big reason is the Federal Reserve's recent decision to hold its benchmark interest rate steady at 3.5%–3.75%. This followed a series of cuts, and the Fed seems to be taking a more measured approach, watching inflation (which is still a bit above their target but cooling) and the job market, which is showing signs of stability. When the Fed signals a pause or a more stable outlook on interest rates, it tends to ease pressure on longer-term borrowing costs, like those for mortgages.

Key Market Movements to Watch:

• Federal Reserve's Pause: The Fed's decision in January 2026 to keep rates unchanged was a big signal. It suggests they’re cautiously optimistic but not quite ready to cut further right now, especially with inflation hovering around 2.7%.
• Government Bond Purchases: Recently, there was positive movement when the government directed Fannie Mae and Freddie Mac to buy a significant amount of mortgage-backed securities ($200 billion, to be exact). This injection of demand can help push mortgage rates down.
• Inventory and Demand: We're seeing more people applying for mortgages, which is a direct result of these lower rates. However, there's a whisper of a warning from some economists: if rates consistently stay below 6%, it could lead to more competition among buyers, potentially pushing home prices up. It's a delicate balance!

Looking Ahead: What Experts Predict for 2026

What does the rest of 2026 hold for mortgage rates? Most experts believe we'll see them stay within a relatively narrow range.

• Fannie Mae is forecasting that the 30-year fixed rate will average around 6% for a good chunk of the year.
• Strategists at Morgan Stanley think there's a chance rates could dip even further, potentially reaching 5.50%–5.75% by the middle of 2026, especially if the 10-year Treasury yield continues its downward trend.
• Bankrate is estimating an average of 6.1% for the year, with a possible low point of 5.7%.

This suggests that while we might see some fluctuations, the general trend is towards relative stability, with opportunities for rates to move lower.

My Take on Today's Rates

From my perspective, today’s mortgage rates on January 31, 2026, are genuinely good news. The 30-year fixed at 5.91% and the 15-year fixed at 5.44% offer tangible benefits for both first-time homebuyers and those looking to refinance. If you’ve been on the fence, now might be the time to seriously explore your options.

The housing market is always evolving, and while it's wise to keep an eye on daily rate movements, the current downward trend provides a window of optimism. It’s a great opportunity to lock in more affordable financing and make your homeownership dreams a reality or improve your current financial situation.

As of January 30th, 2026, I'm seeing mortgage rates that are a very welcome sight for many potential homebuyers and homeowners. The 30-year fixed mortgage rate is sitting at an average of 6.10%, and the 15-year fixed rate is at 5.49%, according to Freddie Mac's weekly survey. These numbers are important because they are hovering near their lowest points in the last three years, which is definitely sparking more interest from people looking to get into new homes or get better deals on their existing ones.

Seeing them dip down this low again is a breath of fresh air. Let's break down what these numbers really mean for you.

Today's Mortgage Rates, Jan 30: Rates Drop, Driving More Homeowners to Refinance

To get a clearer picture, it helps to look at where we are now compared to a year ago. Freddie Mac, a key player in the housing market, provides valuable data through its Primary Mortgage Market Survey®.

Here’s a look at the average rates as of the week ending January 29, 2026, compared to the same time last year:

This table clearly shows a significant drop in rates compared to last year. The 30-year fixed rate is nearly a full percentage point lower, and the 15-year fixed rate has also seen a substantial decrease. This difference can mean saving tens of thousands of dollars over the life of a loan.

Digging Deeper with Daily Data

While Freddie Mac gives us a solid weekly average, other sources provide even more up-to-the-minute data. Zillow, a popular real estate platform, offers a daily snapshot that can be super helpful for those actively house hunting or considering a refi right now.

Here’s what the latest Zillow data shows for today's mortgage rates:

Looking at these numbers, we see that some rates, particularly the 30-year fixed at 5.87%, are even a bit lower than Freddie Mac's weekly average. This confirms that the market is very competitive right now, offering good deals for borrowers. The inclusion of VA loan rates is also a welcome detail, as these are crucial for our nation's veterans and can offer substantial savings.

Why Are Rates Here Right Now? The Fed's Role and Market Buzz

It's not magic that determines mortgage rates; it's a mix of economic factors. A big one we've been watching is the Federal Reserve's actions. On January 28, 2026, the Fed decided to keep its main interest rate, the federal funds rate, exactly where it was. This is a bit of a break after they had cut rates three times towards the end of last year.

Now, it's important to remember that mortgage rates don't directly follow the federal funds rate. They are more closely tied to something called the 10-year Treasury yield. But, the Fed's decisions and its cautious approach, especially with inflation still a bit stubborn, definitely influence the broader economic mood, which in turn affects those Treasury yields. So, while the Fed paused, the market is still digesting that information, and it's contributing to rates staying in a relatively stable, lower range this week.

What Experts Are Saying: A Look Ahead

So, what does the crystal ball say for mortgage rates? Forecasters from big names like the Mortgage Bankers Association and Fannie Mae are generally pointing towards rates staying pretty much in the same zone for a while. They predict that for the foreseeable future in 2026, we’ll likely see rates hanging out between 6% and 6.5%.

This is good news for buyers because it suggests we probably won't see a sudden, sharp jump back up to the higher rates we experienced before. If rates were to drop below 6%, that would be a significant event, almost certainly triggering a surge in demand from both new buyers and people looking to refinance their existing homes.

My take on this is that while we all hope for lower rates, the current range offers a very solid opportunity. Trying to time the market perfectly is a risky game. If you qualify for a loan at these current rates and it makes financial sense for your situation, it might be a better move to act now rather than waiting for a potentially elusive dip.

The Refinance Opportunity: Saving Money on Your Home

For those of us who bought a home when mortgage rates were significantly higher – say, over 7% like we saw in late 2023 and much of 2025 – the current lower rates are a goldmine for refinancing. It's like getting a second chance to get a better deal.

Refinancing means you are essentially applying for a new mortgage to replace your existing one. If you can secure a lower interest rate, your monthly payments could decrease, and you could save a considerable amount of money over the remaining term of your loan.

It’s worth exploring your options. Shopping around and comparing offers from different lenders is key. You might be surprised at how much you can save. The difference between a 6.95% rate from a year ago and a 5.87% rate today on a sizable mortgage can translate into thousands of dollars saved annually.

• Surge in Applications: Refinance demand saw significant spikes during weeks when rates fell, with one notable surge reaching 156% higher than the same period a year ago.
• Borrower Sensitivity: The market remains highly sensitive; even a small subsequent rise in rates (e.g., to 6.24%) caused refinance applications to pull back by roughly 16% in late January 2026.
• Refinance Share: At its peak in early 2026, refinancing accounted for more than 60% of all mortgage applications, driven primarily by conventional and VA borrowers. 

Key Takeaways for Today's Mortgage Rates

Here’s a quick summary of what you should keep in mind regarding today's mortgage rates:

• Rates are historically good: 30-year fixed rates are around 6.10% (Freddie Mac) and even lower at 5.87% (Zillow), near three-year lows.
• Fed's cautious approach: The Federal Reserve paused its rate cuts, showing a watchful stance on inflation and the economy.
• Stable outlook: Experts expect rates to remain in a 6% to 6.5% range for the near future.
• Refinancing window is open: If you have a higher-rate mortgage, now is an excellent time to explore refinancing opportunities.
• Don't wait too long: While predicting the future is impossible, current rates present a strong opportunity that shouldn't be ignored if it fits your financial goals.