Overview
- Freddie Mac’s survey shows the 30‑year fixed at 6.11%, up 1 basis point on the week, with the 15‑year at 5.5%.
- Other trackers ran higher, with Lender Price posting 6.34%—about 35 basis points above a week earlier—and Optimal Blue near 6.114%, its highest since Jan. 8.
- The 10‑year Treasury hovered near 4.27% early in the week and dipped to roughly 4.21% intraday as stocks slid, highlighting the bond market’s sway over mortgage pricing.
- The Fed left short‑term rates unchanged in January and President Trump’s nomination of Kevin Warsh refocused markets on policy credibility and the central bank’s independence.
- Buyer behavior remains highly rate‑sensitive, with a Clever survey reporting 94% would change 2026 plans if borrowing costs do not slip below 6% this year.