The average 30-year fixed rate mortgage was 6.16% yesterday, unchanged since the day before. The 15-year fixed mortgage rate stood at 5.36%, the same as one the day before. The 30-year FHA mortgage averaged 5.63% yesterday, having risen by 0.03. Meanwhile, the 30-year jumbo mortgage rate was 6.67%, reflecting no change.
The bigger picture
Mortgage rates were unchanged yesterday, according to data from ICanBuy. That was no surprise because the Federal Reserve left general interest rates unchanged, as everyone expected, and the Fed chair's news conference was also wholly uncontroversial to investors.
Fed Chair Jerome Powell said, "Many of my colleagues think it’s hard to look at the incoming data and say that policy is significantly restrictive at this time." Again, that's what everyone expected him to say.
Economic reports
In theory, any economic report can move mortgage rates if it contains sufficiently shocking data. But, in reality, only a handful tend to have a meaningful effect on those rates.
And none of those is on today's calendar. Tomorrow brings the producer price index, which is a gauge of inflation. That could impact mortgage rates, but its data are a bit stale, which might blunt its influence.
Chances are, we'll have to wait until next week for those rates to potentially move far. That brings much more interesting reports, culminating in next Friday's almighty jobs report.
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 | 6.16% | 6.18% | +0% | +0.03% |
| 15-Year Fixed | 5.36% | 5.4% | +-0% | +0.05% |
| 30-Year Fixed FHA | 5.63% | 6.84% | +0.03% | +0.08% |
| 30-Year Fixed VA | 5.71% | 5.85% | +0% | +0.05% |
| 30-Year Fixed USDA | 5.62% | 5.77% | +0.02% | +0.05% |
| 30-Year Fixed Jumbo | 6.67% | 6.69% | +0% | +0.29% |
| 5/6 Year ARM | 6.02% | 6.05% | -0.02% | -0.04% |
Refinance Rates
| Loan Type | Rate | APR | Daily Change | Monthly Change |
|---|---|---|---|---|
| 30-Year Fixed | 6.21% | 6.23% | -0.01% | +0.03% |
| 15-Year Fixed | 5.34% | 5.38% | -0.01% | +0.05% |
| 30-Year Fixed FHA | 5.58% | 6.79% | +0.03% | +0.08% |
| 30-Year Fixed VA | 5.76% | 5.9% | +0% | +0.05% |
| 5/6 Year ARM | 6.03% | 6.06% | -0.02% | +0% |
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 several economic reports on today's MarketWatch economic calendar. But we doubt they'll affect mortgage rates much. They are:
- Initial jobless claims during the week ending Jan. 24 — Markets expect 205,000 new claims, slightly higher than the previous week's 200,000
- November trade deficit — Markets expect a trade gap of -$42.9 billion, considerably worse than October's -$29.4 billion
- Productivity in the third quarter of 2025 — Markets expect growth of 4.9%, unchanged since the previous estimate
- November wholesale inventories — Markets expect those inventories to have grown by 0.2%, unchanged since October
- November factory orders — Markets expect those orders to have grown by 1.3%, much better than October's -1.3%
Typically, mortgage rates move downward when the actual figures are lower than markets are expecting. Conversely, they often move higher on better-than-expected numbers. When data matches expectations, those rates rarely move.
The U.S. Treasury is auctioning $44 billion worth of seven-year notes today. Low demand for those might push mortgage rates higher, while high demand could be good news.
