Residential mortgage rates climbed this week as financial and energy markets reacted to escalating tensions in the Middle East following the launch of Operation EPIC FURY on February 28, 2026.
The U.S. government has begun enforcing its first nationwide anti-money laundering safeguards targeting the residential real estate market, closing a long-criticized loophole that allowed illicit funds to flow into property purchases with limited scrutiny.
The average rate on a 30-year fixed loan fell to 5.99% this week, matching its lowest level since 2022. A year ago, borrowers faced rates closer to 6.9%, underscoring how sharply financing costs have eased in recent months.
Pending home sales in the U.S. showed little movement in January 2026, highlighting the cautious stance of buyers despite improving affordability conditions.
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