Why did mortgage rates today fall to about 6.17%?

Mortgage rates track Treasury yields and inflation expectations. As markets priced softer inflation and steadier growth, long dated yields eased. Lenders then cut rate sheets to stay competitive, bringing the 30-year toward 6.17%. The move can reverse if data or Fed tone turns more hawkish.

Do lower US mortgage rates affect German mortgage costs?

There is no one to one link, since German mortgage pricing depends on euro rates, Bund yields, and bank funding. Still, falling US yields can pull global yields lower and improve risk mood. That can reduce euro funding costs at the margin, especially if European data also softens.

How do Treasury yields shape the 30-year mortgage rate?

Lenders watch the 10-year Treasury as a benchmark. When the 10-year yield drops, mortgage-backed security prices rise and lenders can quote lower rates. There is usually a spread on top for credit, servicing, and prepayment risk. That spread moves with liquidity and volatility.

What should Germany-based investors watch next?

Focus on inflation data, jobless claims, and any new Fed guidance. These can shift Treasury yields fast and change mortgage rates today. Also track MBS spreads, prepayment trends from refinancing, and EUR USD direction. Plan duration and FX hedges ahead of data to avoid rushed moves.

Global Market Insights

US Mortgage Rates Today, February 20: 30-year 6.17% sparks refi surge

ByDanny Kontos February 20, 2026February 20, 2026

Mortgage rates today matter far beyond the United States. With the 30-year at 6.17%, a one month low, we see a jump in refinancing while home purchases stay soft. The shift tracks softer Treasury yields and calmer inflation views. For investors in Germany, this move can sway bond prices, the euro, and housing-linked cash flows. We focus on what this means now, what could move rates next, and how to position without taking on avoidable risk.