Mortgage Rates Barely Budge, But Volatility Risk is Increasing

Mortgage rates have been effectively unchanged for 5 straight days now. During that time, the MND 30yr fixed rate index hasn't moved by more than 0.01%. The average borrower would see almost exactly the same terms on any of these days. The absence of volatility isn't much of a surprise given the time of year and the lack of important economic data. But that changes tomorrow with the release of two labor market reports and ISM's service sector report. Individually, none of these are as heavy hitting as Friday's forthcoming jobs report, but if they all sing a similar tune, it could definitely get rates moving (for better or worse).  Specifically, if the data is stronger, it would likely push rates higher and vice versa.

January 6, 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 6, 2026 Mortgage Rates Barely Budge, But Volatility Risk is Increasing Tue, Jan 6, 2026 3:53PM Mortgage rates have been effectively unchanged for 5 straight days now. During that time, the MND 30yr fixed rate index hasn't moved by more than 0.01%. The average borrower would see almost exactly the same terms on any of these days. The absence of volatility isn't much of a surprise given the time of year and the lack of important economic data. But that changes tomorrow with the release of two labor market reports and ISM's service sector report. Individually, none of these are as heavy hitting as Friday's forthcoming jobs report, but if they all sing a similar tune, it could definitely ... (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 -0.02   95.05 100.11 UMBS 30YR 5.5 101.48 +0.00   97.47 101.49 10 YR Treasury 4.174 +0.010   3.932 4.780 Volume is Back. Still Waiting on Volatility Tue, Jan 6, 2026 9:54AM A range trading theme has dominated the bond market since the most recent high yield on December 10th and the most recent low the following day. 100% of trading since then has fallen inside those boundaries (4.10-4.20% in terms of 10yr yields). Even though volume has made a resounding post-holiday return, there's little for market watchers to do until we see... (read more) MBS Price Change UMBS 4.5 97.59 -0.05 UMBS 5.0 99.79 -0.02 UMBS 5.5 101.48 0.00 GNMA 4.5 97.48 -0.02 GNMA 5.0 99.78 -0.06 GNMA 5.5 101.10 +0.01 Pricing as of: 1/6 4:21PM EST US Treasury Yield Change 2 YR Treasury 3.468 +0.011 5 YR Treasury 3.715 +0.010 7 YR Treasury 3.932 +0.008 10 YR Treasury 4.174 +0.010 30 YR Treasury 4.861 +0.008 Pricing as of: 1/6 4:21PM EST Other News AI, 2nds, Servicing Tools; Wire Fraud Scheme; MISMO Changes; Thoughts on Affordability Tue, Jan 6, 2026 11:54AM As it turns out, not everyone has a loan on their house. In fact, 40 percent of U.S. homes don’t have a mortgage, per the Census Bureau. Should I repeat that? 40%. (Here’s a nice map with state-level information.) What are you, or your company, doing about it? Are you even seeing those potential clients in your database? Regarding new homes… Let’s see, if we... (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 Realtor.com What It Would Take To Make the Housing Market Affordable Again in 2026 Calculated Risk Blog Heavy Truck Sales Collapsed in Q4; Down 32.5% Year-over-year in December Calculated Risk Blog Update: The Housing Bubble and Mortgage Debt as a Percent of GDP Calculated Risk Blog Asking Rents Decline Year-over-year Calculated Risk Blog ICE: "Annual home price growth ended 2025 at just +0.7%" Calculated Risk Blog Light Vehicle Sales Increased to 16.0 Million SAAR in December CNBC Fed'sKashkari says AI is causing a hiring slowdown in big companies CNBC Treasury yields edge higher as investors weigh geopolitical risks 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 CNBC Manhattan office leasing in the fourth quarter was the strongest in 6 years PR Newswire Manufacturing PMI at 47.9%; December 2025 ISM

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