January 6, 2026
Market Rate Update: Calm Before the Data Storm?
Mortgage rates are taking a breather—but don’t get too comfy.
🧭 What’s happening now
Mortgage rates have been remarkably steady for the past five days. The Mortgage News Daily (MND) 30-year fixed rate index hasn’t moved more than 0.01% during that stretch. Translation?
If a borrower locked Monday or today, they’d likely see nearly identical terms. No drama. No whiplash. Just… calm.
This lack of movement isn’t shocking. We’re in a quieter data window, and markets tend to nap when there’s nothing new to chew on. (Even Wall Street needs a coffee break sometimes.)
📊 What could change next
That calm may be short-lived.
Tomorrow brings:
Two labor market reports
ISM Services Sector report
On their own, these aren’t the heavyweight champ (that honor goes to Friday’s jobs report), but together? They can absolutely move the needle.
Stronger-than-expected data → rates could creep higher
Weaker data → rates may move lower
If these reports “sing the same tune,” the bond market will listen—and mortgage rates will respond.
🐼 Why it matters
This is one of those moments where timing conversations really matter. Borrowers who assume today’s calm will last forever may be surprised later this week.
✅ Quick takeaway
Rates are stable for now
Volatility risk increases as new data drops
Strategy > guesswork (always)
👉🏼If you want help navigating whether to float or lock as the data rolls in, that’s exactly what I’m here for. Calm markets are nice—but smart planning is better.
