Mortgage Rates Hit Two-Month Lows Despite Strong Jobs Report
In a surprising show of resilience, mortgage rates fell to their lowest levels in two months on Thursday, February 13, despite a strong jobs report just one day prior. The 10-year Treasury yield sank to new lows for the year as bond markets shrugged off the employment data. Analysts attributed the move to technical factors and renewed optimism about Federal Reserve rate cuts later in 2026.
🍑 Why It Matters for Georgia
For Georgia homebuyers, rates hitting two-month lows creates an immediate window of opportunity. With 30-year fixed rates trending near 6.0-6.25%, buyers who have been sitting on the sidelines should act fast. On a $350,000 mortgage, rates at 6.0% versus 6.5% from just weeks ago save approximately $114 per month. Georgia real estate markets in Atlanta, Savannah, and Augusta remain competitive, and lower rates typically increase buyer competition.
Original Source: Mortgage News Daily ↗