The Mortgage Porter Weekly – Mortgage Rate Update for the Week of March 2, 2026

Mortgage rates are being impacted by the war in Iran. Often times, during war we see mortgage rates improve as investors seek the safety of bonds. Because of the threat to oil, and the potential for inflation, mortgage rates are moving higher.

Take a look at the charts today, compliments of MBS Highway. The last red dash shows the hit mortgage-backed securities took today – closing down 33 basis points.

On the economic calendar this week, we have:

• Wednesday: ADP Employment, Fed’s Beige Book
• Thursday: Jobless Claims
• Friday: BLS Jobs Report, Retail Sales

Jobs data often impacts the direction of mortgage rates because it also is an indicator of the economy and wage inflation. Signs of inflation tend to cause mortgage rates to move higher.

Optimal Blue shows that mortgage rates averaged 5.901% for the 30 year conforming as of last Friday, February 27, 2026. Mortgage rates from last Friday (or even this morning) are expired.

It’s also important to note that the rates posted here are based on an average from the lenders who use Optimal Blue for locking in interest rates and therefore, we don’t know what the loan to value is, credit scores or how many point were used for pricing… plus, as I mentioned – this is expired! For current rates based on your personal scenario, please contact me – we don’t need to run your credit to provide you with scenarios.

No video this week… I hope to be back on track next Monday.

Have a great week and if you or anyone needs help with a mortgage for buying or refinancing a home, I’m happy to assist!