The average 30-year fixed rate mortgage was 6.01% yesterday, an increase of 0.04% since the day before. The 15-year fixed mortgage rate stood at 5.29%, up by 0.01%. The 30-year FHA mortgage averaged 5.47% yesterday, having risen by 0.02. Meanwhile, the 30-year jumbo mortgage rate was 6.47%, reflecting a decrease of 0.03%.
The bigger picture
The average top-tier mortgage rate for a 30-year fixed-rate loan nudged higher yesterday, according to ICanBuy. However, Mortgage News Daily reckons they held steady at 5.99%.
These companies use slightly different methodologies and poll different lenders' rate cards when they compile their daily data. So, it's no surprise that they don't always agree.
It's worth clarifying that not all that many borrowers will be offered the average top-tier mortgage rate. In this context, top tier means those with excellent credit scores, big down payments and not too much existing debt. Still, when the top-tier average moves up or down, all mortgage rates typically move in the same direction.
Where mortgage rates move next is wholly unpredictable. In the absence of influential economic reports this week, announcements about tariffs and the current standoff with Iran could trigger movement.
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 | 6.01% | 6.04% | +0.04% | -0.17% |
| 15-Year Fixed | 5.29% | 5.34% | +0.01% | -0.1% |
| 30-Year Fixed FHA | 5.47% | 6.68% | +0.02% | -0.18% |
| 30-Year Fixed VA | 5.56% | 5.7% | -0.01% | -0.19% |
| 30-Year Fixed USDA | 5.5% | 5.64% | -0.09% | -0.16% |
| 30-Year Fixed Jumbo | 6.47% | 6.48% | -0.03% | -0.24% |
| 5/6 Year ARM | 5.84% | 5.87% | -0.07% | -0.26% |
Refinance Rates
| Loan Type | Rate | APR | Daily Change | Monthly Change |
|---|---|---|---|---|
| 30-Year Fixed | 6.05% | 6.07% | +0.02% | -0.21% |
| 15-Year Fixed | 5.29% | 5.33% | +0.01% | -0.06% |
| 30-Year Fixed FHA | 5.44% | 6.65% | +0.02% | -0.16% |
| 30-Year Fixed VA | 5.59% | 5.73% | +-0% | -0.21% |
| 5/6 Year ARM | 5.8% | 5.82% | -0.1% | -0.36% |
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.
Comerica Bank's preview of this week's economic reports
In an e-newsletter on Monday, Comerica Bank's economics team gave its take on this week's economic reports:
"Benchmark house price indexes likely slowed at the end of 2025, closing the year with increases in the one-to-two percent range. Housing is still expensive, but affordability is improving as prices rise at a slower pace than incomes or household wealth. House prices will likely continue to rise at a modest pace in 2026. Their relative stability in recent years is making a helpful contribution to lower core inflation."
Mortgage rates today
There are no economic reports on today's MarketWatch economic calendar. And tomorrow's lone report (weekly initial applications for jobless benefits) rarely affects mortgage rates much.
So, the next report with potential to change those rates is Friday's producer price index (PPI) for January. We'll brief you on that early on Friday morning.
Typically, mortgage rates move lower on worse-than-expected data and rise when the numbers are better than expected. However, we'll be surprised if today's reports have a noticeable effect on those rates.
