Mortgage rates jumped sharply higher on Tuesday in response to weakness driven by geopolitical events and overseas financial markets. After hitting lows of 5.99% for a few hours on January 9th and spending last week in the low 6's, the average top tier 30yr fixed rate is back up to 6.21% today.  This matches the level seen the day before the announcement of the administration's $200 bln mortgage bond buying plans. The last time rates were higher was December 23rd.  In light of that announcement, why aren't mortgage rates doing better?  Simply put, the market has already reacted to that news to the extent allowed by its transparency. If it were something like the Fed's bond buying initiatives in the past (Q.E. or "quantitative easing," which involved a detailed buying schedule laid out well in advance), it would be easier for rates to drop much more quickly.   As it stands, the market will learn about this new buying plan as it plays out. In practice, this means that there will be certain days where mortgage rates do better than US Treasuries.  And then there will be regular days like today, when both are hurting in roughly equal measure.  As always, there's no way to know if today is a sign of additional momentum toward higher rates. It likely depends on the outcome of present geopolitical issues and upcoming economic data.

January 20, 2026 Download our Mobile App: Download our Mobile App: 30 Yr. Fixed 6.20% -0.01%   6.01% 7.13% 15 Yr. Fixed 5.76% +0.01%   5.55% 6.52% 30 Yr. Jumbo 6.38% +0.00%   6.1% 7.45% Compare Mortgage Rates from Local Lenders for Jan 20, 2026 Mortgage Rates Jump to Match Highest Levels in Nearly a Month Tue, Jan 20, 2026 3:28PM Mortgage rates jumped sharply higher on Tuesday in response to weakness driven by geopolitical events and overseas financial markets. After hitting lows of 5.99% for a few hours on January 9th and spending last week in the low 6's, the average top tier 30yr fixed rate is back up to 6.21% today.  This matches the level seen the day before the announcement of the administration's $200 bln mortgage bond buying plans. The last time rates were higher was December 23rd.  In light of that announcement, why aren't mortgage rates doing better?  Simply put, the market has already reacte... (read more) Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.20% -0.01 0.00 15 Yr. Fixed 5.76% +0.01 0.00 30 Yr. FHA 5.88% 0.00 0.00 30 Yr. Jumbo 6.38% 0.00 0.00 7/6 SOFR ARM 5.71% -0.01 0.00 30 Yr. VA 5.89% -0.01 0.00 Updates Daily - Last Update: 1/21 Freddie Mac Rate Change Points 30 Yr. Fixed 6.06% -0.10 0.00 15 Yr. Fixed 5.38% -0.08 0.00 Updates Weekly - Last Update: 1/15 Mortgage Bankers Assoc. 30 Yr. Fixed 6.18% -0.07 0.56 15 Yr. Fixed 5.60% -0.04 0.61 30 Yr. Jumbo 6.42% +0.10 0.43 Updates Weekly - Last Update: 1/14 UMBS 30YR 5.0 99.83 +0.11   95.71 100.50 UMBS 30YR 5.5 101.22 +0.10   98.11 101.64 10 YR Treasury 4.272 -0.024   3.932 4.630 Bonds Brace For Greenland Fallout. Japan Not Helping Either Tue, Jan 20, 2026 9:36AM As Trump's Greenland aspirations continue unabated, measurable fallout is increasing. Part of the strategy is increased tariffs. EU is also planning/threatening retaliatory tariffs as well as suspending talks on the US/EU trade deal. The latest measurable manifestation of this morning's fallout is the announcement that a Danish pension fund is liquidating it... (read more) MBS Price Change UMBS 4.5 97.85 +0.15 UMBS 5.0 99.84 +0.12 UMBS 5.5 101.22 +0.10 GNMA 4.5 97.48 -0.13 GNMA 5.0 99.73 +0.35 GNMA 5.5 100.88 +0.21 Pricing as of: 1/21 2:26PM EST US Treasury Yield Change 2 YR Treasury 3.589 -0.008 5 YR Treasury 3.834 -0.018 7 YR Treasury 4.045 -0.026 10 YR Treasury 4.266 -0.030 30 YR Treasury 4.892 -0.023 Pricing as of: 1/21 2:26PM EST Other News Custom Software, UW Tools; FHA, USDA News; Webinars Today and Tomorrow; Mitch Kider Interview Tue, Jan 20, 2026 11:47AM On today’s Mortgage Law Today at 3PM ET, sponsored by Polunsky Beitel Green, LLP, Brian Levy sits down with Mitch Kider to unpack the shifting legal and regulatory landscape facing mortgage lenders, CFPB uncertainty, fair lending risk, GSE policy, enforcement trends, and how AI is beginning to reshape legal strategy heading into 2026. on tomorrow’s Mortgage ... (read more) Latest Video Homebuilder sentiment comes in lower than expected in January Former Dallas Fed Pres. Kaplan: The Fed won't cut rates until they see impr... Fed's Bowman: Fed should remain ready to adjust policy toward neutral unles... December industrial production beats expectations Around the Web CNBC Danish pension fund to sell $100 million in Treasuries, citing 'poor' U.S. government finances Eye on Housing New Single-Family Home Size Trends: Third Quarter 2025 CNBC Europe weighs using trade ‘bazooka’ against the U.S. as Greenland crisis deepens Investing Live Dollar drops further as the fallout from Trump's Greenland tariffs continues PR Newswire ADP National Employment Report Preliminary Estimate CNBC U.S. 30-year Treasury yield jumps 9 basis points higher as trade war fears reignite CNBC Trump's proposed ban on buying single-family homes introduces uncertainty for family offices Eye on Housing Third Quarter 2025 Multifamily Construction Data CNBC Warsh sprints ahead in Fed chair race following Trump comments on Hassett, prediction markets show Eye on Housing Builder Sentiment Loses Ground at Start of 2026 CNBC U.S. Treasury yields mixed as investors weigh the state of the U.S. economy Federal Reserve Miran, Regulations, the Supply Side, and MonetaryPolicy Eye on Housing Remodeling Market Sentiment Strengthens in Fourth Quarter of 2025

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