30 Year Fixed Rate Conventional Mortgage is at a 3+ Year Low Point | Northern Virginia Real Estate Market

ON FEBRUARY 19TH, THE 30 YEAR FIXED RATE CONVENTIONAL MORTGAGE IS AT 6.01% PER FREDDIE MAC'S WEEKLY SURVEY. THE CURRENT RATE IS AT A 3+ YEAR LOW.

When asking the question, "How is the Northern Virginia Real Estate Market?", part of the answer is to consider the current and future trend of mortgage interest rates.

➡️ On February 19th, Freddie Mac's weekly mortgage rate survey has the 30 Year Fixed Rate Conventional Mortgage at 6.01%. Last week, the weekly average was 6.09%. The current weekly average is at the lowest Rate since mid-September 2022.

➡️ One Year ago, the Rate was 6.85%. In mid-August 2025, the Rate was 6.58%.

➡️ The prior low level over the past 3 years was 6.06% in mid-January this year, 6.08% in late September 2024 & 6.09% in early February 2023.

➡️ Fannie Mae published their February Mortgage Rate Forecast on January 12th, with a prediction of 6.1% for 1st & 2nd Quarter, then 6.0% for the reminder of the year.

🤔🙋🏼‍♂️ WANT TO SEE MORE MARKET ANALYSIS?  For my most recent Deep Dive into Buyer activity, high Active House for sale Inventory & Days on Market in the Northern Virginia market, and the (lack of) impact of the Government Shutdown on Buyer activity compared to 2024, check out my mid-February NoVA Market Update.

The next deep dive NoVA Market analysis update will be posted in early March, as data over the next 3 weeks should provide signs as to how the NoVA Market will perform during the 'peak' Spring Market period (late-March through May). The 'Spring Market' starts in early February.

See more market news, insight, & analysis on my "How's the Market?" Blog at bellacasapartners.com/marketnews.