Mortgage application activity was essentially flat last week, almost impressively so. After much recent volatility, the index is finding a brief moment of stability, and borrowers seem content continue to weigh affordability challenges and wait for clearer movement in rates. The Mortgage Bankers Association (MBA) reported that applications decreased 0.3% (seasonally adjusted) for the week ending February 6, while rising 2% on an unadjusted basis. Purchase demand softened modestly. The seasonally adjusted Purchase Index slipped 2% from the prior week, while unadjusted purchase applications increased 4% and were 4% higher than the same week one year ago. Refinance activity posted a small gain. The Refinance Index rose 1% from the previous week and remained 101% higher than a year earlier. Joel Kan, MBA’s Vice President and Deputy Chief Economist, described the week as a mixed bag across loan types. While the 30-year fixed rate held steady at 6.21%, conventional applications declined for both purchases and refinances as some borrowers wait for a more meaningful drop in rates or migrate toward other loan types and products. And they appear to be doing just that, as FHA and ARM products saw an increase in apps last week. Kan noted that FHA purchase and refinance applications increased, supported in part by FHA rates that remained roughly 20 basis points below the conforming 30-year fixed rate. He added that borrowers are increasingly turning to FHA loans as affordability pressures persist. At the same time, the ARM share climbed to a seven-week high, with ARM rates running nearly a full percentage point below comparable fixed rates.

February 11, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.14% +0.03%   6.01% 7.13% 15 Yr. Fixed 5.71% +0.01%   5.55% 6.5% 30 Yr. Jumbo 6.30% +0.00%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Feb 11, 2026 Modest Increase in Rates is a Win. Here's Why Wed, Feb 11, 2026 2:26PM Mortgage rates moved 0.03% higher today. On almost any other day, this would be a bit of a bummer, but in today's case, it's a victory. There was a ton of potential volatility in the underlying bond market heading into the day due to the scheduled release of the big monthly jobs report. In addition, rates had taken a bit of an anticipatory lead-off ahead of the data (or at least it looked that way). The implication was that a strong jobs report would come as a surprise and require a rapid correction toward higher rates--possibly significantly higher. Truth has been stranger than fiction. Th... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.14% +0.03 0.00 15 Yr. Fixed 5.71% +0.01 0.00 30 Yr. FHA 5.70% +0.01 0.00 30 Yr. Jumbo 6.30% 0.00 0.00 7/6 SOFR ARM 5.50% +0.05 0.00 30 Yr. VA 5.72% +0.02 0.00 Updates Daily - Last Update: 2/11 Freddie Mac Rate Change Points 30 Yr. Fixed 6.11% +0.01 0.00 15 Yr. Fixed 5.50% +0.01 0.00 Updates Weekly - Last Update: 2/5 Mortgage Bankers Assoc. 30 Yr. Fixed 6.24% +0.08 0.55 15 Yr. Fixed 5.64% +0.09 0.61 30 Yr. Jumbo 6.34% -0.05 0.40 Updates Weekly - Last Update: 1/28 UMBS 30YR 5.0 99.96 -0.01   95.71 100.50 UMBS 30YR 5.5 101.36 +0.04   98.11 101.64 10 YR Treasury 4.175 +0.031   3.932 4.608 Bonds Selling But Not Panicking After Super Strong Jobs Numbers Wed, Feb 11, 2026 9:48AM Nearly an hour after this morning's surprisingly strong jobs report, 10yr yields are only 4.4bps higher at 4.19%. On a normal day, 4.4bps might be a fairly big sell-off, but it's a huge victory on a day where payrolls came in at 130k vs 70k forecast, and where the unemployment rate fell to 4.3 vs 4.4 expectations. Moreover, labor force participation moved 0.... (read more) MBS Price Change UMBS 4.5 98.13 -0.01 UMBS 5.0 99.96 -0.01 UMBS 5.5 101.36 +0.04 GNMA 4.5 98.00 -0.16 GNMA 5.0 100.12 -0.09 GNMA 5.5 101.22 -0.02 Pricing as of: 2/11 3:09PM EST US Treasury Yield Change 2 YR Treasury 3.510 +0.054 5 YR Treasury 3.741 +0.040 7 YR Treasury 3.951 +0.035 10 YR Treasury 4.175 +0.031 30 YR Treasury 4.816 +0.015 Pricing as of: 2/11 3:09PM EST Other News Calmer Week For Mortgage Apps Wed, Feb 11, 2026 2:03PM Mortgage application activity was essentially flat last week, almost impressively so. After much recent volatility, the index is finding a brief moment of stability, and borrowers seem content continue to weigh affordability challenges and wait for clearer movement in rates. The Mortgage Bankers Association (MBA) reported that applications decreased 0.3% (... (read more) DPA, HELOC, Correspondent eNote, Escrow Mgt. Tools; STRATMOR on IMB Concerns; Servicing Alarms Wed, Feb 11, 2026 11:50AM Products, Services, and Software for Brokers and Lenders “Escrow is supposed to be predictable. But in default servicing, that predictability diminishes when a loan enters delinquency. Escrows stop being a background process and turns into a manual, high-risk exercise. As core systems fall back on rigid rules, middle operations step in, rebuilding balances... (read more) Latest Video Zillow CEO Jeremy Wacksman: The housing affordability problem is an availab... CBO raises deficit projection by $1.4 trillion over next 10 years compared ... U.S. payrolls rose by 130,000 in January, more than expected; unemployment ... Fed's Jeffrey Schmid: Appropriate to maintain somewhat restrictive policy Around the Web CNBC U.S. payrolls rose by 130,000 in January, more than expected; unemployment rate at 4.3% Investing Live Fed's Schmid: Further rate cuts could allow higher inflation to persist for longer AP News CBO: Federal deficits and debt to worsen over next decade CNBC FHA mortgage demand rises as borrowers face affordability challenges CNBC The delayed January jobs report will be released Wednesday. Here's what to expect Yahoo Finance Fed's Hammack says interest rates could be on hold 'for quite some time' Investing Live Fed's Logan: If inflation falls and labor market stays stable, no further cuts needed CNBC Treasury yields move lower as investors await delayed January jobs report Eye on Housing Credit Card Balances Risein Q4 2025 Investing Live Atlanta Fed GDPNow Q4 tracker 3.7% vs 4.2% prior Bureau of Labor and Statistics U.S. import prices increased 0.1 percent in December Bureau of Labor and Statistics Compensation Costs for Civilian Workers Increased 0.7 Percent Investing Live US employment cost index for Q4 0.7% vs 0.8% expected

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