The average 30-year fixed rate mortgage is 6.15% today, a decrease of 0.09% since yesterday. The 15-year fixed mortgage rate stands at 5.34%, down by 0.09%. The 30-year FHA mortgage now averages 5.63%, having dropped by 0.03. Meanwhile, the 30-year jumbo mortgage rate is 6.64%, reflecting an increase of 0.03%.
The bigger picture
One of yesterday's big economic reports came in better than expected: the ISM services PMI. The other, the ADP employment report, was worse than expected. So, the two canceled each other out, and mortgage rates barely moved.
We could be in for more of the same today. The only report on the calendar is the weekly new jobless claims, and that's been postponed.
The two most influential reports of the month are now due next week. The jobs report (aka the employment situation report), due this Friday, has been delayed until Wednesday, Feb. 11, according to an email yesterday from the Bureau of Labor Statistics (BLS).
A second BLS email yesterday afternoon announced that the consumer price index (CPI) is now scheduled for Friday, Feb. 13. Both reports were delayed by the brief and partial government shutdown that ended on Tuesday.
It's unusual for two such hefty reports to land within 48 hours of each other. And, if anything is going to stir markets into action, it's those.
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 | 6.15% | 6.18% | -0.09% | -0.03% |
| 15-Year Fixed | 5.34% | 5.39% | -0.09% | +0.03% |
| 30-Year Fixed FHA | 5.63% | 6.83% | -0.03% | +0% |
| 30-Year Fixed VA | 5.73% | 5.87% | -0.04% | +0.01% |
| 30-Year Fixed USDA | 5.7% | 5.84% | +0.01% | +0.08% |
| 30-Year Fixed Jumbo | 6.64% | 6.65% | +0.03% | +0.22% |
| 5/6 Year ARM | 5.91% | 5.95% | -0.12% | -0.12% |
Refinance Rates
| Loan Type | Rate | APR | Daily Change | Monthly Change |
|---|---|---|---|---|
| 30-Year Fixed | 6.24% | 6.26% | -0.07% | +0.02% |
| 15-Year Fixed | 5.36% | 5.39% | -0.06% | +0.05% |
| 30-Year Fixed FHA | 5.59% | 6.79% | -0.03% | +0.03% |
| 30-Year Fixed VA | 5.77% | 5.9% | -0.06% | -0.01% |
| 5/6 Year ARM | 5.95% | 5.97% | -0.08% | -0.08% |
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 no economic reports on today's MarketWatch economic calendar.
Following the postponement of the jobs report, tomorrow brings only two reports. An initial reading of consumer sentiment in February is expected to show some deterioration. And the consumer credit figure for December is expected to almost double.
