Mortgage Rates Dip Back Into The 5's
Mortgage News Daily • • business
Key Points:
- The average top-tier 30-year fixed mortgage rate dropped to 5.99%, matching levels last seen briefly on January 9, 2026, when Fannie Mae and Freddie Mac announced bond-buying plans.
- Unlike the sharp 0.20% jump on January 9, the recent decline to 5.99% has been gradual and moderate, improving by only 0.05% since Friday.
- The improvement in mortgage rates is driven by a broader bond market recovery and strong performance in mortgage-backed securities due to ongoing Fannie/Freddie purchases, with no new specific news triggering the change.
- Rates quoted at 5.99% represent top-tier scenarios involving high credit scores and down payments,
