Mortgage rates today: 30-year fixed holds near 6.25% as Treasury yields firm ahead of jobs report

6 January 2026

New York, January 6, 2026, 05:55 EST — Premarket

Bankrate pegged the average 30-year fixed mortgage rate at 6.25% on Tuesday, with the 30-year refinance rate at 6.60%.
Mortgage News Daily’s daily index was 6.19% on Monday, while Zillow Home Loans listed a 30-year fixed offer rate of 5.99% as of Tuesday.
The 10-year Treasury yield was around 4.18% in early trading; housing-linked shares were higher in premarket action.

The average rate on a 30-year fixed U.S. mortgage held at 6.25% early Tuesday, Bankrate said, as Treasury yields nudged higher in premarket trading. Mortgage News Daily’s daily index was 6.19% on Monday, down 1 basis point (0.01 percentage point).

The steady read keeps borrowing costs above 6% heading into the year’s first wave of home-shopping, with demand still sensitive to small shifts in monthly payments. For lenders and brokers, the question is whether rates can drift lower without a sharp slowdown in the economy.

Mortgage rates often follow moves in the 10-year Treasury yield, a benchmark for long-term borrowing costs. The 10-year yield was about 4.18% early Tuesday, up from about 4.16% a day earlier, Investing.com data showed.

Bankrate put the average 30-year fixed refinance rate at 6.60% and the average 15-year refinance rate at 5.92% on Tuesday. Zillow Home Loans listed 30-year fixed offers at 5.99% and 15-year fixed offers at 5.375%, while Bankrate’s listed 5/1 ARM — an adjustable-rate mortgage that resets after five years — at 5.59%.

Rate-sensitive housing shares rose in early trading. The iShares U.S. Home Construction ETF was up 0.8% and the SPDR S&P 500 ETF added 0.6%, while Rocket Companies jumped about 6.2% in premarket trading.

Bond traders are still digesting Monday’s data showing the U.S. factory sector contracted for a 10th straight month in December, with the ISM manufacturing index at 47.9; readings below 50 signal contraction.

Jeffrey Ruben, president of WSFS Home Lending at WSFS Bank, cautioned against expecting a quick return to ultra-low borrowing costs. “Mortgage rates are likely to remain higher than many borrowers would like, but not dramatically out of line with historical norms,” Ruben said. Bankrate

But a strong run of labor or inflation data could lift yields and push mortgage rates higher again, squeezing affordability just as buyers re-enter the market. Analysts polled by Reuters see the 10-year yield rising to 4.25% by end-2026, a backdrop that could limit any sharp drop in mortgage rates.

The next catalyst arrives Friday, when the Labor Department releases the December employment report at 8:30 a.m. ET.

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Marcin Frąckiewicz is the founder and CEO of TS2 Space, a satellite communications company working with customers worldwide. His experience spans satellite communications, telecommunications and technology ventures. He graduated from the Warsaw School of Economics (SGH) and writes about space technology, artificial intelligence, stocks and the technology companies and industries he follows. Follow Marcin Frąckiewicz on Google News, Facebook or LinkedIn.

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