Mortgage rates fell on Tuesday following a downbeat Retail Sales report. At 0.05%, it was the largest single-day drop since the uncommonly big 0.15% drop on January 9th. This also takes the average 30yr fixed rate to 6.11%, easily below its recently narrow range of 6.15-6.20. The bonds that drive mortgage rates are always tuned in to various economic reports for movement cues. Weaker data = lower rates, all else equal. Retail Sales is hit and miss when it comes to causing rate volatility. The undisputed champion among economic reports is tomorrow's jobs report at 8:30am ET. Several recent rate rallies have been slightly larger than they otherwise might have been because the market may be positioning for a downbeat jobs number. If it is weaker than expected, there's certainly room for the rate rally to continue, but if the report shows resilience, rates would likely bounce back higher.

February 10, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.11% -0.05%   6.01% 7.13% 15 Yr. Fixed 5.70% -0.03%   5.55% 6.5% 30 Yr. Jumbo 6.30% -0.03%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Feb 10, 2026 Lowest Mortgage Rates in More Than 3 Weeks Tue, Feb 10, 2026 2:20PM Mortgage rates fell on Tuesday following a downbeat Retail Sales report. At 0.05%, it was the largest single-day drop since the uncommonly big 0.15% drop on January 9th. This also takes the average 30yr fixed rate to 6.11%, easily below its recently narrow range of 6.15-6.20. The bonds that drive mortgage rates are always tuned in to various economic reports for movement cues. Weaker data = lower rates, all else equal. Retail Sales is hit and miss when it comes to causing rate volatility. The undisputed champion among economic reports is tomorrow's jobs report at 8:30am ET. Several recent ra... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.11% -0.05 0.00 15 Yr. Fixed 5.70% -0.03 0.00 30 Yr. FHA 5.69% -0.07 0.00 30 Yr. Jumbo 6.30% -0.03 0.00 7/6 SOFR ARM 5.45% -0.12 0.00 30 Yr. VA 5.70% -0.08 0.00 Updates Daily - Last Update: 2/10 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 5.0 100.09 +0.08   95.71 100.50 UMBS 30YR 5.5 101.43 -0.03   98.11 101.64 10 YR Treasury 4.141 -0.066   3.932 4.608 Bonds Taking a Pre-NFP Lead-Off Tue, Feb 10, 2026 9:42AM Last Thursday, we discussed the paradox of a rally in the present moment being driven by future data. More specifically, the three downbeat labor market reports increased the stakes for tomorrow's jobs report. Depending on trends and trading positions, risks can be asymmetrical. A trader who expected higher rates might have only seen a modest increase in yie... (read more) MBS Price Change UMBS 4.5 98.25 +0.20 UMBS 5.0 100.11 +0.10 UMBS 5.5 101.42 -0.04 GNMA 4.5 98.18 +0.37 GNMA 5.0 100.21 +0.03 GNMA 5.5 101.25 +0.03 Pricing as of: 2/10 5:08PM EST US Treasury Yield Change 2 YR Treasury 3.451 -0.040 5 YR Treasury 3.695 -0.050 7 YR Treasury 3.909 -0.058 10 YR Treasury 4.140 -0.068 30 YR Treasury 4.782 -0.077 Pricing as of: 2/10 5:08PM EST Other News Servicing, QC, Workflow, Non-Agency Products; LOs Using Tools Effectively; STRATMOR Tech Survey Tue, Feb 10, 2026 11:52AM Products, Services, and Software for Brokers and Lenders There’s a reason $5.99 feels different than $6.00. Behavioral economists call it the “left-digit effect.” When it comes to mortgage rates, borrowers just call it a reason to refinance. Optimal Blue’s January Market Advantage report shows falling rates crossing that psychological threshold – and refin... (read more) Latest Video Prospective homebuyers are looking at best numbers in years, says ICE's And... WSJ's Nick Timiraos: The labor market will determine what the Fed does next NY Fed: Inflation expectations largely unchanged, labor market outlook impr... Consumer sentiment improves as inflation worries ease, survey shows Around the Web 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 Eye on Housing Credit Card Balances Risein Q4 2025 Investing Live Atlanta Fed GDPNow Q4 tracker 3.7% vs 4.2% prior CNBC December retail sales were flat, missing expectations PR Newswire U.S. private employers added an average of 6,500 jobs per week MSN Homebuilder stocks rise on policy hopes Eye on Housing Weaker Demand, Unchanged Lending Conditions for Residential Mortgages in Fourth Quarter 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 NY Fed Labor Market Expectations Improve Slightly; Short-Term Inflation Expectations Decline CNBC Treasury yields lower as markets brace for retail sales data

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