February 3, 2026

Mortgage rates edged higher today, landing at their highest levels in about two weeks.

Before anyone hits the panic button, it’s worth noting that rates have been moving in an unusually narrow range. The difference between the recent low (6.15%) and today’s level (6.20%) is modest — more of a small bump than a major jump.

Today’s increase also wasn’t sparked by breaking news. Instead, it was the delayed reaction to yesterday’s exceptionally strong manufacturing report, which put pressure on the bond market and nudged rates upward.

Because that report was released after most lenders had already published daily pricing, many didn’t adjust rates mid-day. Instead, the expected changes simply showed up this morning.

Bottom line: a slight rise, not a dramatic shift — and the market is still relatively steady. If you have questions about what this means for your purchase or refinance, call me anytime.