The average top tier 30yr fixed mortgage rate hit its highest levels in 2 weeks yesterday. The caveat was that the range has been very narrow during these 2 weeks. As such, by remaining unchanged versus yesterday, today's rates are part of the same narrow range (6.15-6.20% for MND's index). There were two relevant economic reports this morning as well as an update from the Treasury department regarding borrowing expectations. The latter is important for interest rates because the level of Treasury issuance is a primary ingredient in determining almost any consumer lending rate in the U.S. Higher issuance would increase the supply of bonds.  Higher bond supply would decrease the price of bonds. And when bond prices fall, rates move higher, all else equal. This morning's update kept issuance unchanged in the short term, but noted the probability of increased issuance in the next fiscal year.  This put some upward pressure on rates early in the day, but a tame report on the services sector helped bonds find their footing. Flat bonds = flat rates. The end.

February 4, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.17% -0.03%   6.01% 7.13% 15 Yr. Fixed 5.75% -0.01%   5.55% 6.5% 30 Yr. Jumbo 6.35% -0.01%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Feb 4, 2026 Mortgage Rates Hold Perfectly Steady at 2-Week Highs Wed, Feb 4, 2026 2:58PM The average top tier 30yr fixed mortgage rate hit its highest levels in 2 weeks yesterday. The caveat was that the range has been very narrow during these 2 weeks. As such, by remaining unchanged versus yesterday, today's rates are part of the same narrow range (6.15-6.20% for MND's index). There were two relevant economic reports this morning as well as an update from the Treasury department regarding borrowing expectations. The latter is important for interest rates because the level of Treasury issuance is a primary ingredient in determining almost any consumer lending rate in the U.S. Hi... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.17% -0.03 0.00 15 Yr. Fixed 5.75% -0.01 0.00 30 Yr. FHA 5.80% -0.04 0.00 30 Yr. Jumbo 6.35% -0.01 0.00 7/6 SOFR ARM 5.59% -0.05 0.00 30 Yr. VA 5.81% -0.04 0.00 Updates Daily - Last Update: 2/5 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 99.93 +0.21   95.71 100.50 UMBS 30YR 5.5 101.44 +0.17   98.11 101.64 10 YR Treasury 4.216 -0.062   3.932 4.608 Waiting on ISM Services as Early Data Fails to Inspire Wed, Feb 4, 2026 9:01AM Today's two key reports are ADP Employment (8:15am ET) and ISM Services (10am ET).  The former came out a bit softer than expected, but bonds didn't react.  15 minutes later, Treasury released financing estimates for the quarter. These were as-expected and unchanged from the previous quarter, but Treasury noted that issuance would likely need to in... (read more) MBS Price Change UMBS 4.5 97.86 +0.30 UMBS 5.0 99.94 +0.22 UMBS 5.5 101.44 +0.17 GNMA 4.5 97.61 +0.18 GNMA 5.0 100.01 +0.19 GNMA 5.5 101.08 -0.05 Pricing as of: 2/5 1:56PM EST US Treasury Yield Change 2 YR Treasury 3.490 -0.066 5 YR Treasury 3.758 -0.073 7 YR Treasury 3.979 -0.070 10 YR Treasury 4.213 -0.065 30 YR Treasury 4.862 -0.058 Pricing as of: 2/5 1:56PM EST Other News Blockchain, NOO HELOC, RON Tools; Better.com CEO's Thoughts; IMB Conference Observations; CFPB Update Wed, Feb 4, 2026 11:45AM Products, Services, and Software for Brokers and Lenders Can AI help you spot the lending bias you can’t see? In his CEO Magazine Podcast interview, Optimal Blue CEO Joe Tyrrell shares the company’s platform-wide AI strategy to help reduce human bias in lending decisions. Instead of replacing lending teams, AI at Optimal Blue is built as a suite of assista... (read more) Latest Video Private payrolls rose by just 22,000 in January, far short of expectations:... Rocket Companies CEO: On track to produce the highest mortgage loan product... ISM non-manufacturing PMI comes in at 53.8 vs. 53.5 estimated Trump picks Kevin Warsh for Federal Reserve chair to succeed Jerome Powell Around the Web CNBC A surprising share of homeowners have high mortgage rates. Here's the breakdown CNBC Private payrolls rose by just 22,000 in January, far short of expectations, ADP says CNBC January jobs report will be released on February 11 after shutdown delay MBA Mortgage Applications Decrease in Latest MBA Weekly Survey Eye on Housing Homeownership Rate Inches Up to 65.7% PR Newswire Services PMI® at 53.8%; January 2026 ISM® Services PMI® Report CNBC House Republicans move toward reopening U.S. government FXStreet United States S&P Global Services PMI above forecasts (52.5) in January: Actual (52.7) CNBC Friday's jobs report will be delayed because of the partial government shutdown CNBC Rare earth stocks jump after Trump launches $12 billion critical minerals stockpile CNBC December CRE deal volume sinks further, but office is a surprising bright spot PR Newswire Manufacturing PMI® at 52.6%; January 2026 ISM® Manufacturing PMI® Report CNBC Treasury yields hold steady as investors look ahead to further economic data

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