Key takeaways:

The median purchase rate remained effectively constant at 5.99% in week 7, 2026
According to Mortgage News Daily, the avg. 30-year rate was 6.04% on Feb. 10th.
Purchase rate lock volume remains muted, down 31% from the same week in 2020 and down 1% YoY.
Preliminary YoY HPA was 2.1% in December 2025 and projected at 2.0%, 1.9%, and 2.2% for Jan. 2026, Feb. 2026, and the first two weeks of Mar. 2026, respectively.
Projected YoY HPA has continued to slow, largely due to subdued purchase activity, relatively high rates and inventory, and a diminishing pool of well-qualified entry-level buyers.