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

ON FEBRUARY 12TH, THE 30 YEAR FIXED RATE CONVENTIONAL MORTGAGE IS AT 6.09% PER FREDDIE MAC'S WEEKLY SURVEY. THE RATE REMAINS NEAR 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 12th, Freddie Mac's weekly mortgage rate survey has the 30 Year Fixed Rate Conventional Mortgage at 6.09%. The current weekly average is near the lowest Rate since mid-September 2022.

➡️ One Year ago, the Rate was 6.87%. In mid-August 2025, the Rate was 6.58%.

➡️ The prior low level over the past 3 years was 6.06% in mid-January 2026, 6.08% in late September 2024, & 6.09% in early February 2023.

➡️ Fannie Mae published their January Mortgage Rate Forecast on January 10th, with a prediction of 6.1% at the 1st Quarter, then 6.0% for the reminder of the year.

To see how Fannie Mae's Forecast differs from the typically more conservative rate outlook by the Mortgage Banker's Association, check out my post that discusses these contrasting Mortgage Rate Forecasts for 2026.

🤔🙋🏼‍♂️ 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 early December 2025 NoVA Market Update.

The next deep dive NoVA Market analysis update will be posted after the 2nd week of February once we have adequate data to suggest where the Market may be headed in February/early March (i.e., the start of the 'Spring Market').

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