The average 30-year fixed rate mortgage is 6.13% today, a decrease of 0.01% since yesterday. The 15-year fixed mortgage rate stands at 5.3%, down by 0.03%. The 30-year FHA mortgage now averages 5.59%, having dropped by 0.03. Meanwhile, the 30-year jumbo mortgage rate is 6.48%, reflecting a decrease of 0.01%.
The bigger picture
There's nothing on today's calendar that's likely to affect mortgage rates. So, any movement is likely to be down to unscheduled events.
All that changes tomorrow when the first of three of what's typically a month's most important reports lands. Here's what to expect:
- Tuesday — December retail sales. How freely are Americans spending? Markets expect a smaller increase than November's
- Wednesday — January jobs report, aka employment situation report — Markets expect job creation to improve slightly from December
- Friday — January consumer price index (CPI) — Markets expect little change, with some figures slightly better and others a little worse than in December
These three reports are the ones that typically move mortgage rates the furthest. So, it's hard to overstate how crucial they are.
Of course, it's perfectly possible that we'll end the week with those rates roughly where they are now. Reports rarely affect mortgage rates much unless there's a gap between market expectations, which are based on a consensus of analysts' forecasts, and the actual data.
And sometimes, one report may be better than expected, while another is worse. Then, they could could more-or-less cancel each other out.
Meanwhile, other events could intervene. The long-awaited Supreme Court judgment on the legality of most of 2025's tariffs could finally drop. Or there could be a sudden escalation or de-escalation in the trade war, for instance.
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 | 6.13% | 6.15% | -0.01% | +0.03% |
| 15-Year Fixed | 5.3% | 5.34% | -0.03% | +0.04% |
| 30-Year Fixed FHA | 5.59% | 6.8% | -0.03% | -0.02% |
| 30-Year Fixed VA | 5.66% | 5.8% | -0.03% | -0.02% |
| 30-Year Fixed USDA | 5.61% | 5.76% | -0.02% | +-0% |
| 30-Year Fixed Jumbo | 6.48% | 6.5% | -0.01% | -0.11% |
| 5/6 Year ARM | 5.95% | 5.99% | +0.02% | -0.11% |
Refinance Rates
| Loan Type | Rate | APR | Daily Change | Monthly Change |
|---|---|---|---|---|
| 30-Year Fixed | 6.17% | 6.19% | -0.03% | +0.02% |
| 15-Year Fixed | 5.28% | 5.31% | -0.01% | +0.06% |
| 30-Year Fixed FHA | 5.54% | 6.74% | -0.04% | -0.02% |
| 30-Year Fixed VA | 5.67% | 5.81% | -0.08% | -0.09% |
| 5/6 Year ARM | 5.99% | 6.02% | -0.01% | -0.1% |
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.
