Particle.news
Download on the App Store
16 ARTICLES
·
2w ago

U.S. Mortgage Rates Hold Near 6%, With Some Trackers Briefly Dipping Below After Bond-Buying Plan

A White House plan for $200 billion in mortgage‑bond purchases triggered a short-lived sub‑6% reading on daily averages.

FILE - A for sale sign stands outside a home on the market in the Alamo Placita neighborhood Tuesday, Aug. 27, 2024, in central Denver. (AP Photo/David Zalubowski, File)
A home for sale in Surfside, Fla., on Jan. 7, 2026.
Image
Image

Overview

  • Freddie Mac’s weekly survey put the 30-year fixed at 6.16% as of Jan. 8, with the firm noting purchase applications are more than 20% higher than a year ago.
  • Mortgage News Daily recorded 5.99% Friday morning and Zillow showed 5.87% on Jan. 9, moves reported after President Trump directed $200 billion in bond buying and FHFA chief Bill Pulte said Fannie Mae and Freddie Mac would handle purchases.
  • MBA data showed mortgage applications fell about 9.7% for the week ending Jan. 2, and its credit availability index declined in December, with the conforming index at its lowest since the survey began in 2011.
  • Refinance borrowing remains costlier than many purchase loans, with Zillow estimating the average 30-year refi at roughly 6.49%–6.75% this week and 15-year purchase rates near the mid‑5% range.
  • Analysts expect rates to cluster around the 6% area through 2026, with Bankrate’s latest survey at 6.24% and experts pointing to Treasury yields and mortgage‑bond spreads to explain short‑term survey differences.