Tampa Bay Real Estate & Mortgage Market Update – February 6, 2026: How the 10-Year Treasury Yield Impacts Mortgage Rates

The Tampa Bay housing market is shifting toward a healthier balance, offering buyers increased leverage and more time to navigate their options. With inventory levels remaining elevated and mortgage rates stabilizing—influenced by the steady 10-year Treasury yield—the region continues to blend financial predictability with a vibrant community lifestyle, highlighted by local staples like the ongoing Florida State Fair.

Tampa Bay Real Estate & Mortgage Market Update – Week Ending Feb 6, 2026

For context on whether now is a good time to buy, see Redfin’s analysis: Is Now a Good Time to Buy a House?

Market Overview

The Tampa Bay housing market continues to move at a healthier, more balanced pace. Inventory
remains elevated, homes are taking longer to sell, and buyers are benefiting from increased negotiating
power.

Market Snapshot

Buyer leverage: Increasing
Days on market: Longer than recent years
Seller Concessions: Common again

Source: Zillow Tampa Market Data

Mortgage & Financing Trends

30-year fixed-rate mortgage: ~5.80%
15-year fixed-rate mortgage: ~5.10%

Source: Bankrate

Fed Watch – How Rates Actually Work

Mortgage rates are not directly tied to the Federal Reserve’s Fed Funds Rate. While the Fed controls
short-term rates, mortgage rates are influenced more by the bond market. The 10-year U.S. Treasury
yield is the benchmark that most closely tracks mortgage rates, and it’s currently sitting in the mid-4%
range. That stability has helped mortgage rates remain steady, making it easier for buyers and
homeowners to plan.

Homeowner & Community News

This weekend is a major one in Tampa Bay with the Florida State Fair in full swing. Expect heavier
traffic and limited parking near the fairgrounds. Events like this highlight why so many people enjoy
living in Tampa Bay — there’s always something happening.

Local Business Spotlight (Michelin Guide)

Rocca – Tampa
A Michelin Starred Italian restaurant in the vibrant neighborhood of Tampa Heights, with a menu that is deeply rooted in the classic Italian dining experience, underlining the undeniable connection between food and the people around the table.
📍323 W Palm Ave., Tampa, FL 33602

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