Market Wrap-up

Our benchmark FNMA MBS 5.500 February Coupon is up +19 BPS at 3:15 PM ET.

Jobs, Jobs, Jobs: Big Jobs Friday has been moved to next Wednesday.

Consumer Sentiment: The Preliminary Feb UofM Consumer Sentiment Index was better than expected, 57.3 versus estimates of 55.0. The 1 year inflation expectations dropped from 4.0% down to 3.5%.

Consumer Credit: The December reading jumped from $4.2B to $24B versus estimates of $8B

Yesterday a nice move lower for interest rates and MBS prices increased, today not much change in rates but stock indexes after days of decline were on fire. There isn’t much volatility in rates, but stock indexes have huge volatile sessions these days. The only data today, the University of Michigan consumer measurements that did improve slightly from January levels. Dec consumer credit released this afternoon, expected at +$8.4B jumped to $24.0B; it is equivalent to an increase of about 5.7% at an annual rate. Revolving credit increased by $13.85B in December, after decreasing $1.69B in November. Nonrevolving credit, which includes auto and student loans, rose $10.20B in December, following a $6.38B gain in the previous month.

We end the week with the question, will the Fed cut rates in March? The recent data on employment is weakening as evident yesterday with the job declines down over 200% from December and weekly jobless claims higher than estimates the odds have increased for a possible cut. Next week the January employment report and January CPI inflation are the next tests, both must confirm employment is softening and inflation isn’t increasing. The Fed under pressure from the administration to lower rates. There are always a caveats; before the March FOMC meeting (March 18th) markets will contend with another round of employment and inflation.

Next week’s calendar: nothing on Monday. Tuesday $58B 3 year note auction, Dec retail sales, Q4 employment cost index, Dec import, and export prices. Wednesday $42B 10 year note auction, Jan employment report, MBA applications. Thursday $25B 30 year bond auction, weekly jobless claims, Jan existing home sales. Friday January CPI inflation.

This week: the 10 year note rate declined 4 bps, the 2 year note -3 bps; Fannie Mae 5.0 30 year coupon increased 11 bps. The DJIA this week +1,224, NASDAQ -431, S&P -7. Gold this week +$75.00, crude oil declined $2.54. The dollar index increased 0.44, bitcoin declined 13,258 after increasing 6.800 today.

PRICES @ 4:00 PM

10 year note: 4.21% +2 bp

5 year note: 3.76% +4 bp

2 year note: 3.50% +4 bp

30 year bond: 4.85% unch

30 year FNMA 5.0: 100.07 +8 bp (+4 bp from 9:30)

30 year FNMA 5.5: 101.49 +5 bp (+1 bp from 9:30)

30 year GNMA 5.0: 100.14 +11 bp (+7 bp from 9:30)

Dollar/Yen: 157.11 +0.07 yen

Dollar/Euro: $1.1822 +$0.0042

Dollar Index: 97.52 -0.20

Gold: $4,966.40 +$76.90

Bitcoin: 70,383 +6787

Crude Oil: $63.32 +$0.03

DJIA: 50,115.67 +1,026.95

NASDAQ: 23,031.21 +490.63

S&P 500: 6932.27 +133.87

SOFR Data 02/06: 30-DAY AVERAGE(%): 3.65819, 90-DAY AVERAGE(%): 3.80582, 180-DAY AVERAGE(%): 4.06192, INDEX: 1.23108807

WALUTY

Currency, not sorted	Value, not sorted	Change, not sorted	Net Change, not sorted	Time (EDT), not sorted
EUR-USD	1.1815	0.00	0.32%	4:59 PM
USD-JPY	157.2200	0.18	0.11%	4:59 PM
GBP-USD	1.3611	0.01	0.59%	4:59 PM
AUD-USD	0.7013	0.01	1.24%	4:59 PM
USD-CAD	1.3675	0.00	0.27%	4:59 PM
USD-CHF	0.7760	0.00	0.28%	4:59 PM

 

USD-CZK	20.5204	0.08	0.37%	4:59 PM
USD-SKK	25.4972	0.08	0.32%	4:59 PM
USD-PLN	3.5702	0.02	0.53%	4:59 PM
USD-HUF	319.7700	2.68	0.83%	4:59 PM
USD-RUB	77.0327	0.29	0.38%	4:57 PM
USD-MXN	17.2630	0.24	1.40%	4:59 PM

POŻYCZKI HIPOTECZNE

 

30 Yr. Fixed 6.15% -0.02% 6.01% 7.13% 15 Yr. Fixed 5.72% -0.03% 5.55% 6.5% 30 Yr. Jumbo 6.33% -0.02% 6.1% 7.45%

Compare Mortgage Rates from Local Lenders for Feb 6, 2026

Mortgage Rates Match Lowest Levels in Over 2 Weeks Fri, Feb 6, 2026 12:51PM In the bigger picture, the past two and a half weeks have been marked by a very narrow range in the bond market. Because bonds dictate mortgage rates, the latter have also been in a narrow range with average top tier 30yr fixed rates of 6.15-6.20%.  Yesterday’s employment-related data helped bonds improve. Many lenders made mid-day improvements to mortgage rates yesterday, but there was enough of a tailwind that the average lender was lower again this morning–now in line with the lower boundary of the recent range. Next Wednesday’s labor market data is a higher stakes event–one that c… (read more)

Mortgage News Daily Rate Change Points 30 Yr. Fixed 6.15% -0.02 0.00 15 Yr. Fixed 5.72% -0.03 0.00 30 Yr. FHA 5.75% -0.05 0.00 30 Yr. Jumbo 6.33% -0.02 0.00 7/6 SOFR ARM 5.56% -0.03 0.00 30 Yr. VA 5.77% -0.04 0.00 Updates Daily – Last Update: 2/6   Freddie Mac Rate Change Points 30 Yr. Fixed 6.11% +0.01 0.00 15 Yr. Fixed 5.50% +0.01 0.00 Updates Weekly – Last Update: 2/5   Mortgage Bankers Assoc. 30 Yr. Fixed 6.24% +0.08 0.55 15 Yr. Fixed 5.64% +0.09 0.61 30 Yr. Jumbo 6.34% -0.05 0.40 Updates Weekly – Last Update: 1/28

UMBS 30YR 5.0 100.00 -0.04 95.71 100.50 UMBS 30YR 5.5 101.45 -0.01 98.11 101.64 10 YR Treasury 4.217 +0.037 3.932 4.608

Waiting on Next Week’s Data Fri, Feb 6, 2026 9:53AM Friday is the quietest day of the week in terms of scheduled econ data and events, with the relatively unimportant Consumer Sentiment being the only notable report. Bonds are roughly unchanged to start the session. Treasury yields are technically a few bps higher from yesterday’s 5pm levels, but right in line with 3pm (what many would argue to be the proper … (read more)

MBS Price Change UMBS 4.5 97.99 -0.04 UMBS 5.0 100.00 -0.04 UMBS 5.5 101.45 -0.01 GNMA 4.5 97.52 -0.22 GNMA 5.0 100.00 -0.07 GNMA 5.5 101.23 0.00 Pricing as of: 2/6 1:11PM EST   US Treasury Yield Change 2 YR Treasury 3.504 +0.052 5 YR Treasury 3.765 +0.049 7 YR Treasury 3.984 +0.045 10 YR Treasury 4.217 +0.037 30 YR Treasury 4.865 +0.020 Pricing as of: 2/6 1:11PM EST

 

30 LAT FIXED

ELITE 21-30 YEAR
RATE	15 DAY	30 DAY	45 DAY
7.500	-4.272	-4.182	-4.052
7.375	-3.826	-3.736	-3.606
7.250	-3.357	-3.267	-3.137
7.125	-3.376	-3.286	-3.156
6.999	-3.158	-3.068	-2.938
6.875	-2.689	-2.599	-2.469
6.750	-2.170	-2.080	-1.950
6.625	-2.835	-2.745	-2.615
6.500	-2.521	-2.431	-2.301
6.375	-1.942	-1.852	-1.722
6.250	-1.313	-1.223	-1.093
6.125	-1.746	-1.656	-1.526
5.999	-1.367	-1.277	-1.147
5.875	-0.714	-0.624	-0.494
5.750	0.002	0.092	0.222
5.625	-0.176	-0.086	0.044
5.500	0.270	0.360	0.490
5.375	1.080	1.170	1.300

15 LAT FIXED

ELITE 11-15 YEAR
RATE	15 DAY	30 DAY	45 DAY
6.625	-3.379	-3.289	-3.159
6.500	-3.181	-3.091	-2.961
6.375	-2.922	-2.832	-2.702
6.250	-2.442	-2.352	-2.222
6.125	-2.543	-2.453	-2.323
6.000	-2.288	-2.198	-2.068
5.875	-1.990	-1.900	-1.770
5.750	-1.496	-1.406	-1.276
5.625	-1.631	-1.541	-1.411
5.500	-1.354	-1.264	-1.134
5.375	-1.009	-0.919	-0.789
5.250	-0.483	-0.393	-0.263
5.125	-0.448	-0.358	-0.228
5.000	-0.072	0.018	0.148
4.875	0.315	0.405	0.535
4.750	0.861	0.951	1.081
4.625	1.186	1.276	1.406
4.500	1.601	1.691	1.821