The average contract rate on 30-year fixed-rate mortgages for conforming loans of $806,500 or less in the US fell to 6.17% in the week ended February 13th 2026, the lowest in four weeks, compared to 6.21% in each of the previous two periods. Borrowing costs tracked Treasury yields that 'ended the week lower as weaker data on retail sales and home sales outweighed better-than-expected readings on the job market for January,” said Joel Kan, MBA’s vice president. As a result, mortgage applications jumped 2.8%, the first gain in four weeks,, with refinancing applications soaring 7.1% and increasing across all loan types. In contrast, applications to purchase a home were down 2.7%.