Mortgage application activity retreated a bit last week following two weeks of unusually strong volume, although holiday timing played a meaningful role in the weekly comparison. The Mortgage Bankers Association (MBA) reported that applications fell 8.5% for the week ending January 23, giving back a portion of the recent surge. The Market Composite Index declined 8.5% on a seasonally adjusted basis and was down 16% on an unadjusted basis, reflecting both the Martin Luther King Jr. Day holiday adjustment and a market that has shown wide week-to-week swings after extended periods of low activity. Refinance volume saw the largest pullback. The Refinance Index declined 16% from the prior week, though applications remained 156% higher than the same week one year ago. Even with the latest decline, refinance demand continues to run well above last year’s levels following January’s earlier burst of activity. Joel Kan, MBA’s Vice President and Deputy Chief Economist said, “With rates holding in the 6 percent range, the refinance market is likely to remain sensitive to week-to-week rate movements.” Purchase activity was comparatively steady. The seasonally adjusted Purchase Index dipped just 0.4% , while unadjusted purchase applications fell 4% on the week but remained 18% higher than the same period last year—continuing to suggest that buyer engagement has been more stable than refinance demand at the start of 2026.

January 30, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.16% +0.00%   6.01% 7.13% 15 Yr. Fixed 5.75% +0.00%   5.55% 6.5% 30 Yr. Jumbo 6.35% +0.01%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Jan 30, 2026 Mortgage Rates Sidestep Into The Weekend Fri, Jan 30, 2026 4:10PM While there was certainly plenty of volatility elsewhere in the financial market this week, there was almost none to be found in mortgage rates. Wed, Thu, and Fri all recorded the exact same level in MND's 30yr fixed rate index--something that only happens a few times every year. Rates are based on bonds and bonds are waiting for more serious inspiration after undergoing a bit of elevated volatility at the beginning of last week. The present week has been all about consolidating and settling into a narrower range as we wait for the more important economic data on deck next week. (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.16% 0.00 0.00 15 Yr. Fixed 5.75% 0.00 0.00 30 Yr. FHA 5.79% -0.02 0.00 30 Yr. Jumbo 6.35% +0.01 0.00 7/6 SOFR ARM 5.61% -0.01 0.00 30 Yr. VA 5.81% -0.02 0.00 Updates Daily - Last Update: 1/30 Freddie Mac Rate Change Points 30 Yr. Fixed 6.10% +0.01 0.00 15 Yr. Fixed 5.49% +0.05 0.00 Updates Weekly - Last Update: 1/29 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 5.0 100.00 -0.05   95.71 100.50 UMBS 30YR 5.5 101.42 -0.01   98.11 101.64 10 YR Treasury 4.241 +0.005   3.932 4.608 Why Don't Bonds Care About The Massive Miss in PPI? Fri, Jan 30, 2026 10:03AM PPI... The Producer Price Index. It sounds a lot like CPI because both are published by the Bureau of Labor Statistics and they share lots of methodology and structure. Given that CPI has been responsible for some of the biggest bond market reactions, you'd be well within your rights to expect a big sell-off after seeing something like Core PPI coming in at ... (read more) MBS Price Change UMBS 4.5 98.01 -0.08 UMBS 5.0 100.01 -0.04 UMBS 5.5 101.41 -0.02 GNMA 4.5 97.76 +0.07 GNMA 5.0 99.96 -0.09 GNMA 5.5 101.09 -0.02 Pricing as of: 1/30 4:41PM EST US Treasury Yield Change 2 YR Treasury 3.525 -0.035 5 YR Treasury 3.795 -0.022 7 YR Treasury 4.014 +0.033 10 YR Treasury 4.241 +0.005 30 YR Treasury 4.876 +0.021 Pricing as of: 1/30 4:41PM EST Other News Logical Pull-Back in Mortgage Apps as Rates Rebound Fri, Jan 30, 2026 1:59PM Mortgage application activity retreated a bit last week following two weeks of unusually strong volume, although holiday timing played a meaningful role in the weekly comparison. The Mortgage Bankers Association (MBA) reported that applications fell 8.5% for the week ending January 23, giving back a portion of the recent surge. The Market Composite Index ... (read more) November Was Best Month of Home Price Appreciation in More Than a Year Fri, Jan 30, 2026 2:09PM Both the FHFA and the S&P/Cotality Case-Shiller home price indices released November data this week, and the combined message is that home price appreciation continues doing better than it had been in the middle of 2025. FHFA’s seasonally adjusted House Price Index paints clearest picture with seasonally adjusted home prices up 0.6% month-over-month ... (read more) Verification, Licensing Tools; Correspondent News; Fed Chair Nominee Kevin Warsh Fri, Jan 30, 2026 11:59AM There’s a lot of sensible thinking going on out there in our biz. Yesterday in the Thought Leadership section, attorney Mitch Kider addressed the “Rule of Law” and what he believes is important to the industry. In a new article featured in Chrisman Commentary's Thought Leadership, David Spector challenges the rate-centric view of housing affordability, argui... (read more) Latest Video Trump picks Kevin Warsh for Federal Reserve chair to succeed Jerome Powell Chicago PMI jumps to 54 in January, beating estimates of 44 Producer prices up more than expected, though annual rate eases U.S. factory orders rise 2.7% in November Around the Web CNBC Trump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome Powell BLS December PPI Higher Than Expected MNI Chicago PMI Jumped to 54.0 in January CNBC Homebuyers are backing out of deals at the fastest pace in nearly a decade CNBC Apartment rents just dropped to the lowest level in 4 years CNBC Trade balance soared 94% in November and was higher than a year ago, despite tariff efforts CNBC Mortgage demand drops 8.5%, as interest rates swell to the highest level in 3 weeks CNBC Fed holds key interest rate steady as economic view improves CNBC U.S. Treasury yields move higher ahead of Fed's interest rate decision Investing Live US initial jobless claims 209K vs 205K expected Eye on Housing State-Level Employment Situation: December 2025 CNBC U.S. 10-year Treasury yields rise as investors weigh Fed decision CNBC Treasury yields move higher as investors await Trump's Fed Chair pick

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