New York, Feb 6, 2026, 06:22 EST — Premarket
- Freddie Mac’s weekly survey reported the 30-year fixed mortgage rate holding steady just below 6% as the spring homebuying season approaches.
- With benchmark yields near 4.2%, all eyes turn to Treasury supply and the auctions scheduled for next week.
- Shares of Rocket Companies climbed in premarket trading following a steep decline the day before.
U.S. mortgage rates hovered near 6% today, with the average 30-year fixed rate inching up to 6.11%, according to Freddie Mac’s weekly report out Thursday. “For the last several weeks, the 30-year fixed-rate mortgage has remained at its lowest level in years,” said Sam Khater, Freddie Mac’s chief economist. GlobeNewswire
The steady print holds weight as the spring selling season approaches, where slight shifts in financing costs can sway monthly payments for first-time buyers and either spark or stall refinance activity.
Rates remain driven by the bond market. On Feb. 6, the 10-year U.S. Treasury yield—a crucial benchmark for home loan pricing—hovered near 4.19%. This followed a series of weaker labor reports, nudging investors to bet on rate cuts down the line. Trading Economics
Supply concerns remain. The U.S. Treasury held auction sizes steady this week for the coming quarters, planning to sell $58 billion in three-year notes, $42 billion in 10-year notes, and $25 billion in 30-year bonds in its February refunding. Reuters
The Treasury’s refunding statement confirmed the upcoming coupon auctions: the three-year notes on Feb. 10, the 10-year on Feb. 11, and the 30-year on Feb. 12, all set for 1:00 p.m. ET. U.S. Department of the Treasury
Mortgage applications took a hit last week. The Mortgage Bankers Association reported an 8.9% drop in overall applications for the week ending Jan. 30, with purchase applications plunging 14% as Winter Storm Fern disrupted much of the country, said MBA economist Joel Kan. Meanwhile, the average contract rate on a 30-year fixed mortgage nudged down slightly to 6.21% from 6.24%. MBA
Labor data shaped the rate outlook this week. U.S. job openings dropped by 386,000 to 6.542 million in December, hitting their lowest point since September 2020, the Labor Department reported in its JOLTS release. The previous month’s figures were also revised downward. Reuters
Shares of Rocket Companies edged up roughly 0.9% to $19.35 in premarket action, rebounding slightly after a 4% drop on Thursday that took the stock down to $19.20. Yahoo Finance
Rocket, among the largest mortgage lenders in the U.S., announced it will release its fourth-quarter and full-year 2025 results on Feb. 26. The update will offer a new look at how volumes and margins are faring with interest rates hovering around 6%. ir.rocketcompanies.com
The floor under rates can move quickly. A hotter-than-expected inflation report, a spike in jobs numbers, or a tepid response to next week’s Treasury offerings might send yields soaring and mortgage quotes climbing without much notice.
Coming next: the Employment Situation report for January, set for release on Feb. 11, followed by the January Consumer Price Index on Feb. 13, each at 8:30 a.m. ET. Traders will be keenly eyeing any surprises that could shift expectations for U.S. interest rates. bls.gov
