"For those of us monitoring mortgage rates and the overall economy, the last few months of 2025 were marred by chaos. This was thanks to a long government shutdown (which canceled or delayed much of fall's federal data), as well as conflicting comments from Federal Reserve leaders that made December's vote on overnight borrowing rates more suspenseful than usual. Sure, we might be just over a week into 2026, but it feels eerily stable so far by comparison."
"The average 30-year mortgage rate has stayed close to 6% for the past seven weeks, averaging 6.02% in the week ending Jan. 8, according to rates provided to NerdWallet by Zillow. The next Federal Reserve meeting is Jan. 27-28, and while a lot could change between now and then, analysts are currently predicting that central bankers will vote to hold the overnight borrowing rate steady."
Late 2025 featured disruption from a prolonged government shutdown that canceled or delayed much of fall's federal data and conflicting Federal Reserve comments that increased uncertainty around December's rate vote. Early 2026 has been comparatively stable, with the average 30-year mortgage rate near 6%, averaging 6.02% the week ending Jan. 8. Analysts currently predict the Fed will hold the overnight borrowing rate at the Jan. 27-28 meeting, which reduces expectations for immediate changes in lenders' funding costs. The December jobs report showed 50,000 jobs added and unemployment easing to 4.4%, a result unlikely to move mortgage rates. The Fed is one of several factors influencing mortgage rates, so steady funding costs could translate to stable mortgage rates in the near term.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]