How does a stable interest rate environment shape the real estate market heading into spring?
According to Freddie Mac’s latest Primary Mortgage Market Survey® (PMMS), the 30-year fixed mortgage rate averaged 6.11% as of February 5, 2026 — a slight change from previous weeks, but importantly, a sign of continued rate stability. (freddiemac.com/pmms)
This kind of steady footing can give both buyers and sellers more clarity — and more confidence — as they prepare for the always-active spring market.
Why Stable Rates Are Good News for Buyers
Mortgage rate volatility in recent years has made it hard for many homebuyers to plan long-term. But when rates hold steady:
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Budgeting gets easier. You can more accurately estimate monthly payments.
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Confidence improves. Predictable rates reduce buyer hesitation.
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Pre-approvals carry more weight. Lenders can better assess your qualifications without constant adjustments.
If you've been waiting for the “right time,” this may be your window to step back in — especially before the competition picks up.
How Sellers Can Use This to Their Advantage
Stable rates don’t just benefit buyers. If you’re planning to sell:
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You’ll attract more qualified, confident buyers.
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You can price your home based on stronger market activity.
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You may sell faster, especially with low inventory in many Northern Virginia neighborhoods.
Well-presented, move-in-ready homes are still commanding attention — and steady mortgage rates make it easier for buyers to say yes.
Looking Ahead to Spring 2026
The early months of the year are when serious buyers begin preparing for spring moves. With rates hovering near 6.11%, we’re entering the season with:
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Stronger buyer confidence
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Consistent lender activity
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More predictable planning for closings and offers
Final Takeaway
As of early February 2026, mortgage rates are steady — not spiking, not dropping drastically, but holding firm. That’s a good sign for everyone in the market. If you’re planning to buy, get pre-approved and start the search now. If you're thinking about listing, this is the calm, confident market window you’ve been waiting for.
