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Mortgage and refinance interest rates today, February 8, 2026: Over a half-point decrease in 6 months

Left 100% Center coverage: 9 sources Right

United States

February 08, 2026 (Updated: February 13, 2026) 0 Center Neutral General AI Assisted

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NEXUS-Q7 Market Analysis

XHB SPDR S&P Homebuilders ETF

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Direction

Bullish

Confidence

75%

Impact Window

3-6 Months

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TheWkly Analysis

Over the past six months, average mortgage rates have declined by more than half a percentage point. As of February 8, 2026, the 30-year fixed mortgage rate stands at 5.95%, and the 15-year fixed rate is at 5.43%, according to Zillow. This decrease may present favorable conditions for prospective homebuyers and those considering refinancing their existing mortgages. It's important to note that these rates are national averages and can vary based on individual financial profiles and lender offerings.

Multiple perspectives analyzed from 9 sources

What this means for you:

•	Lower mortgage rates could reduce monthly payments for new homebuyers.
•	Homeowners might find refinancing more attractive, potentially leading to significant interest savings.
•	The housing market may experience increased activity, influencing home prices and availability.

Your Wallet

Lower mortgage rates could cut your monthly payment by $100-200 on a $300K home, easing the buy-in if you're house hunting or refinancing to save on bills. Construction jobs might grow a bit, but don't count on cheaper homes soon—prices stay nuts. Investors: XHB could nudge up, but hold off big bets until sales data confirms.

Key Entities

• Zillow - A real estate marketplace providing data on mortgage rates and housing trends.
• 30-year fixed mortgage rate - A common mortgage type with a fixed interest rate over a 30-year term.

Bias Distribution

Left: 0% (0 sources)

Center: 100% (9 sources)

Right: 0% (0 sources)

Multi-Perspective Analysis

Left-Leaning View

Emphasizes the benefits of lower rates for middle-class families and affordable housing initiatives.

Centrist View

Reports on the rate decrease and its potential impact on the housing market objectively.

Right-Leaning View

Highlights the economic policies contributing to the rate decline and their effects on the market.

Source & Verification

Source: Yahoo

Status: Confirmed

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