The average 30-year fixed rate mortgage was 6.19% yesterday, unchanged since the day before. The 15-year fixed mortgage rate stood at 5.39%, the same as one the day before. The 30-year FHA mortgage averaged 5.65% yesterday, having stayed the same. Meanwhile, the 30-year jumbo mortgage rate was 6.71%, reflecting no change.
The bigger picture
Very few investors are expecting the Federal Reserve to change general interest rates on Wednesday. Over the weekend, the CME FedWatch tool put the probability of the Fed Funds Rate staying put at 95.5%.
So, only a shock cut or hike that day is likely to move mortgage rates. For more information about the Fed and mortgage rates, read JP Morgan Economist Believes Fed Is Done Cutting Rates: What That Really Means for Mortgages.
This week's economic reports are both timely and influential. But the ones that are influential are mostly stale, and the ones that are timely tend not to be influential.
We saw last week that markets often shrug off data that's past its sell-by date. So, we're expecting only limited market responses to this week's reports.
Still, mortgage rates might move appreciably. Obvious among the big potential influences are the Supreme Court's ruling on the legality of most of 2025's tariffs, and government threats to implement new or higher tariff rates.
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 | 6.19% | 6.22% | +0% | +0.03% |
| 15-Year Fixed | 5.39% | 5.45% | +0% | +0.08% |
| 30-Year Fixed FHA | 5.65% | 6.86% | +0% | +0.06% |
| 30-Year Fixed VA | 5.75% | 5.89% | +0% | +0.08% |
| 30-Year Fixed USDA | 5.66% | 5.8% | +0% | +0.09% |
| 30-Year Fixed Jumbo | 6.71% | 6.73% | +0% | +0.33% |
| 5/6 Year ARM | 6.09% | 6.14% | +0% | +0.01% |
Refinance Rates
| Loan Type | Rate | APR | Daily Change | Monthly Change |
|---|---|---|---|---|
| 30-Year Fixed | 6.26% | 6.29% | +0% | +0.06% |
| 15-Year Fixed | 5.35% | 5.39% | +0% | +0.06% |
| 30-Year Fixed FHA | 5.6% | 6.81% | +0% | +0.05% |
| 30-Year Fixed VA | 5.8% | 5.94% | +0% | +0.08% |
| 5/6 Year ARM | 6.15% | 6.19% | +0% | +0.09% |
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 is only one economic report on today's MarketWatch economic calendar.
It contains data on durable goods orders in November. And this is a stale report that tends not to move mortgage rates even when it's fresh. That's not to say it couldn't affect those rates, but we'll be surprised if any change is more than minimal.
For the record, markets are expecting these orders to have risen by 4.5% in November, way better than October's -2.2% fall.
Mortgage rates tend to fall when figures are lower than expected and rise when they're higher.
The U.S. Treasury is auctioning some government debt today, tomorrow and Thursday. The bulk ($256 billion) is made up of short-term bills, which aren't likely to affect mortgage rates. But another $183 billion comprises notes, which compete more directly with — and are therefore more likely to influence — those rates.
Thursday's $44 billion auction of seven-year notes might be one to keep an eye on. Low demand for those might push mortgage rates higher.
