The two days of 2025 with the lowest rates were September 16th and October 28th. Both days happened to be the Tuesdays that preceded Fed rate cuts. On both occasions, those rate cuts were delivered with other comments from the Fed that the bond market didn't like.  The net effect is/was two very obvious dips and spikes. The second half of December saw the average 30yr fixed mortgage rate inch closer and closer to those previous lows, but we're still not quite there yet. Today was just another day in that saga as the average lender held right in line with Friday's latest levels. Bottom line: at current levels, any day that rates spend holding steady or moving microscopically lower will technically result in the lowest rates since October 28th. It would take a more noticeable improvement to break below that floor. When and if that happens, rates will be the lowest since early 2023. [thirtyyearmortgagerates]

January 5, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.20% +0.01%   6.13% 7.26% 15 Yr. Fixed 5.74% +0.00%   5.6% 6.59% 30 Yr. Jumbo 6.35% -0.01%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Jan 5, 2026 Mortgage Rates Holding at 2-Month Lows Mon, Jan 5, 2026 3:52PM The two days of 2025 with the lowest rates were September 16th and October 28th. Both days happened to be the Tuesdays that preceded Fed rate cuts. On both occasions, those rate cuts were delivered with other comments from the Fed that the bond market didn't like.  The net effect is/was two very obvious dips and spikes. The second half of December saw the average 30yr fixed mortgage rate inch closer and closer to those previous lows, but we're still not quite there yet. Today was just another day in that saga as the average lender held right in line with Friday's latest levels. Bottom... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.20% +0.01 0.00 15 Yr. Fixed 5.74% 0.00 0.00 30 Yr. FHA 5.85% 0.00 0.00 30 Yr. Jumbo 6.35% -0.01 0.00 7/6 SOFR ARM 5.74% 0.00 0.00 30 Yr. VA 5.86% -0.01 0.00 Updates Daily - Last Update: 1/6 Freddie Mac Rate Change Points 30 Yr. Fixed 6.15% -0.03 0.00 15 Yr. Fixed 5.44% -0.06 0.00 Updates Weekly - Last Update: 12/31 Mortgage Bankers Assoc. 30 Yr. Fixed 6.33% +0.01 0.60 15 Yr. Fixed 5.71% -0.02 0.64 30 Yr. Jumbo 6.46% +0.06 0.35 Updates Weekly - Last Update: 12/10 UMBS 30YR 5.0 99.79 -0.03   95.05 100.11 UMBS 30YR 5.5 101.49 +0.00   97.47 101.49 10 YR Treasury 4.178 +0.015   3.932 4.780 Bonds Are Back in The Office Mon, Jan 5, 2026 10:20AM By 10am ET, today's trading volume has already surpassed that seen on December 23rd and 26th (both full trading days)--proof positive that the market is shifting out of holiday mode. Over the past 3 weeks, bonds did a perfect job of holding inside the forgettable sideways range marked by 4.10-4.20 in 10yr yields. A breakout on either side of that range becom... (read more) MBS Price Change UMBS 4.5 97.61 -0.03 UMBS 5.0 99.78 -0.03 UMBS 5.5 101.47 -0.02 GNMA 4.5 97.44 -0.06 GNMA 5.0 99.84 +0.00 GNMA 5.5 101.09 +0.01 Pricing as of: 1/6 3:52PM EST US Treasury Yield Change 2 YR Treasury 3.476 +0.019 5 YR Treasury 3.722 +0.017 7 YR Treasury 3.938 +0.014 10 YR Treasury 4.179 +0.016 30 YR Treasury 4.865 +0.012 Pricing as of: 1/6 3:52PM EST Other News AI, Retention, Jumbo Tools; STRATMOR Interview; Lenders From 2006; Mortgage Action Alliance Mon, Jan 5, 2026 11:41AM Redfin is calling next year the beginning of “The Great Reset,” when wages will grow faster than home prices for the first time since 2008. Eventually, that could mean affordable houses. But not this year. Mortgage banking isn’t a career most people plan; but for those it finds, it can become a calling. In this personal and candid essay, Bill Dawley traces h... (read more) Latest Video ISM manufacturing gauge missed forecast for December Watch CNBC's full interview with Minneapolis Fed President Neel Kashkari Powell hush on remaining term as Fed governor December Manufacturing PMI remains at 51.8 Around the Web Calculated Risk Blog Update: The Housing Bubble and Mortgage Debt as a Percent of GDP CNBC Treasury yields decline after U.S. attacks Venezuela and captures leader Nicolas Maduro CNBC Fed'sKashkari says AI is causing a hiring slowdown in big companies Eye on Housing Strong Economic Growth for Third Quarter Calculated Risk Blog Housing January 5th Weekly Update: Inventory Down 2.2% Week-over-week Eye on Housing Housing Share of GDP: Third Quarter 2025 PR Newswire Manufacturing PMI at 47.9%; December 2025 ISM Calculated Risk Blog Inflation Adjusted House Prices 2.7% Below 2022 Peak Calculated Risk Blog Question #1 for 2026: How much will the economy grow in 2026? Will there be a recession in 2026? Eye on Housing Top Posts U.S. Population Grows at Highest Rate Since 2001 Eye on Housing Top Posts Lower Mortgage Rates, Better Affordability CNBC 10-year Treasury holds steady on first trading day of 2026 Eye on Housing Top Posts Residential Remodelers Outnumber Single-family Builders in the U.S.

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