The average 30-year fixed rate mortgage is 6.03% today, an increase of 0.01% since yesterday. The 15-year fixed mortgage rate stands at 5.3%, up by 0.01%. The 30-year FHA mortgage now averages 5.5%, having risen by 0.01. Meanwhile, the 30-year jumbo mortgage rate is 6.51%, reflecting no change.
The bigger picture
The average top-tier mortgage rate for a 30-year fixed-rate loan held steady at 6.01% yesterday, according to ICanBuy. However, Mortgage News Daily reckons they inched up to 6.00%.
We're not expecting government announcements nor today's lone economic report to affect mortgage rates much, although those announcements are always a wild card. So, why are we concerned that today might bring upward movement?
You may remember that we mentioned on Monday that stock prices and bond yields (one type of which largely determines mortgage rates) often move in tandem. It's far from a perfect relationship, but there's a frequent correlation.
For instance, on Monday, both fell, mainly due to tariff worries. Investors fled the risky stock market and moved some of their money into safer bonds. That pushed stock prices down and bond prices up. But because bond yields inevitably move inversely to bond prices, trading sent yields (and mortgage rates) lower.
Well, we're worried that the opposite might happen today. "Nvidia reported a 94% increase in profit and record sales for the fourth quarter, helping ease concerns over a possible artificial-intelligence bubble that rippled through markets in recent months," said The Wall Street Journal yesterday evening, after markets had closed. And that's a very big deal for stock markets.
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 | 6.03% | 6.06% | +0.01% | -0.13% |
| 15-Year Fixed | 5.3% | 5.35% | +0.01% | -0.06% |
| 30-Year Fixed FHA | 5.5% | 6.72% | +0.01% | -0.1% |
| 30-Year Fixed VA | 5.59% | 5.73% | +0.01% | -0.12% |
| 30-Year Fixed USDA | 5.57% | 5.72% | +0.08% | -0.04% |
| 30-Year Fixed Jumbo | 6.51% | 6.52% | +-0% | -0.16% |
| 5/6 Year ARM | 5.88% | 5.91% | -0.01% | -0.15% |
Refinance Rates
| Loan Type | Rate | APR | Daily Change | Monthly Change |
|---|---|---|---|---|
| 30-Year Fixed | 6.1% | 6.12% | +0.02% | -0.12% |
| 15-Year Fixed | 5.31% | 5.34% | +0.01% | -0.05% |
| 30-Year Fixed FHA | 5.48% | 6.69% | +0.01% | -0.07% |
| 30-Year Fixed VA | 5.61% | 5.75% | +0% | -0.15% |
| 5/6 Year ARM | 5.85% | 5.88% | -0.01% | -0.2% |
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 is just one economic report on today's MarketWatch economic calendar. It counts initial applications for jobless benefits during the week ending Feb. 21. While these weekly reports occasionally affect mortgage rates, that usually happens when they appear close to more consequential employment reports. And that's not the case today.
Markets expect to see 215,000 claims that week, a little higher than the 206,000 reported for the previous seven days.
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 report has a perceptible effect on those rates.
Tomorrow brings the producer price index (PPI) for January. And that does sometimes movemortgage rates. We'll brief you on that early tomorrow morning.
