The average 30-year fixed rate mortgage is 6.24% today, an increase of 0.01% since yesterday. The 15-year fixed mortgage rate stands at 5.43%, up by 0.02%. The 30-year FHA mortgage now averages 5.66%, having stayed the same. Meanwhile, the 30-year jumbo mortgage rate is 6.61%, reflecting an increase of 0.01%.
The bigger picture
Mortgage rates hit their highest point in 2026 yesterday, according to ICanBuy figures. Nothing dramatic happened. It was the cumulative effect of many small increases.
The postponement of Friday's official jobs report for January may force investors to take more seriously today's ADP employment report for the same month. If you can't get the real thing, you might accept the nearest substitute."President Donald Trump has signed a roughly $1.2 trillion spending package to end the partial government shutdown on Tuesday, just hours after the House passed the bill in a bipartisan vote," said AP yesterday evening. With luck, that might restore the flow of official economic reports, though possibly not for a few days.
Scroll on down for information about today's economic reports, including their possible impact on mortgage rates.
Mortgage Rate Trends: Past 90 Days
Purchase Rates
| Loan Type | Rate | APR | Daily Change | Monthly Change |
|---|---|---|---|---|
| 30-Year Fixed | 6.24% | 6.27% | +0.01% | +0.06% |
| 15-Year Fixed | 5.43% | 5.48% | +0.02% | +0.11% |
| 30-Year Fixed FHA | 5.66% | 6.87% | +-0% | +0.04% |
| 30-Year Fixed VA | 5.77% | 5.91% | +0.02% | +0.03% |
| 30-Year Fixed USDA | 5.69% | 5.83% | +-0% | +0.03% |
| 30-Year Fixed Jumbo | 6.61% | 6.62% | +0.01% | -0.03% |
| 5/6 Year ARM | 6.03% | 6.07% | -0.01% | -0.01% |
Refinance Rates
| Loan Type | Rate | APR | Daily Change | Monthly Change |
|---|---|---|---|---|
| 30-Year Fixed | 6.3% | 6.32% | -0.01% | +0.06% |
| 15-Year Fixed | 5.42% | 5.45% | +0.02% | +0.11% |
| 30-Year Fixed FHA | 5.62% | 6.82% | +0.01% | +0.05% |
| 30-Year Fixed VA | 5.83% | 5.97% | +0.02% | +0.03% |
| 5/6 Year ARM | 6.03% | 6.06% | +-0% | -0.01% |
What's coming up?
Although economic reports are usually the main drivers of changes to mortgage rates, they're not the only ones. The general mood in markets and economically consequential news can also affect those rates. News items concerning employment, inflation, tariffs and deficit funding are especially influential at the moment.
Mortgage rates today
There are again three economic reports on today's MarketWatch economic calendar. We're unsure whether we misread yesterday's schedule (in which case, we apologize) or if yesterday's PMIs have been put back to today.
The first is the January ADP employment report. This is sometimes seen as a bellwether for the official jobs report, but other times it can be shrugged off. Given that we're unlikely to get Friday's jobs report, investors might react more to the ADP one than usual.
The second is the purchasing managers' index (PMI) for the services sector from the Institute for Supply Management (ISM), which we thought was due yesterday. PMIs can be influential because they measure activity in organizations' procurement departments, and so are a gauge of future economic activity. This is most months' most important PMI.
Today's other report is another January PMI for the services sector, this time from S&P Global. This tends to move markets less than the ISM's equivalent, and doesn't get a forecast on which to base market expectations.
Typically, mortgage rates move downward when actual figures are worse than markets expected. Conversely, they often move higher on better-than-expected numbers. When data matches expectations, those rates rarely move.
Today's reports are:
- January ADP employment report — Markets expect 45,000 new private-sector jobs that month, up from December's 41,000
- January PMI for the services sector from the ISM — Markets expect 53.5%, slightly weaker than the previous 54.4%
- January PMI for the services sector from S&P Global — No market expectations
Tomorrow brings no reports. The initial jobless claims data due then have been delayed by the new shutdown. While the government is now beginning to reopen, it's unlikely either this report or Friday's jobs report will appear on time.
