This week’s economic activity remained subdued, with Monday’s holiday shortening the trading week. Despite significant market noise surrounding the Supreme Court’s tariff ruling, mortgage rates achieved their lowest levels in over three years.
What Happened This Week
Tariff-related news dominated the week’s activity. While the Supreme Court ruling prompted “the highest volume of the week and the sharpest move,” the overall impact remained modest within the broader context. Mortgage rates declined to levels matching the best performance since September 2022.
According to Mortgage News Daily’s daily survey, only one other day this year — January 9th — recorded lower rates. The weekly averages tell a clearer story: this represented the strongest week in approximately three and a half years.
Economic Data Summary
- Durable goods declined 1.4% in December
- Industrial production rose 0.7% in January
- Jobless claims totaled 206,000
- Fourth-quarter GDP expanded just 1.4% — well below the 3% forecast
- Consumer sentiment edged upward marginally
Current Mortgage Rates
| Loan Type | Rate |
|---|---|
| 30-Year Fixed | 6.19% |
| 15-Year Fixed | 5.79% |
Source: US Housing Market Weekly — Jay Bridges, Mortgage Lender, Priority Capital Corporation