Overview
- Freddie Mac reports the 30-year fixed average rose to 6.10% from 6.09%, with the 15-year at 5.49% up from 5.44%.
- The Federal Reserve kept its policy rate unchanged after three cuts in late 2025, and industry forecasts point to mortgage rates holding in the low‑6% range.
- Mortgage Bankers Association data show total applications fell 8.5% last week, with refinance activity down 16% and refis at 56.2% of volume.
- Mortgage pricing continues to track the 10-year Treasury, which hovered near 4.24% this week.
- A proposed $200 billion mortgage‑backed securities purchase from President Trump briefly lowered rates in early January, but with no finalized plan affordability and limited listings still restrain activity.