Overview
- Freddie Mac’s survey shows the 30-year fixed averaged 6.09% for the week ending Jan. 22, up from 6.06% a week earlier, with the 15-year fixed at 5.44%.
- The 10-year Treasury yield climbed to about 4.27% as investors reacted to tariff threats linked to Greenland and other global bond moves, a shift that fed directly into mortgage pricing.
- President Trump’s directive for Fannie Mae and Freddie Mac to buy $200 billion in mortgage-backed securities briefly eased some rate measures before the effect faded, and key implementation details remain sparse.
- Industry data point to stronger activity as rates fell in recent weeks, with refinance applications up 20% week over week and comprising nearly 62% of volume, while purchase applications rose 5%.
- Rate trackers diverge notably, with Zillow showing a 30-year average near 5.99% and lender pricing engines ranging roughly 6.1% to 6.4%, highlighting methodology and loan-profile differences.