Processing ContentThe move to leave rates unchanged was likely priced into mortgage rates and the benchmarks it uses beforehand. How mortgage rates changed this weekThe 30-year FRM averaged 6.1% as of Jan. 29, up slightly from last week when it was 6.09%, the Freddie Mac Primary Mortgage Market Survey said. "Lower rates, combined with strong income growth, have led to a steady increase in purchase applications compared to last year." "The Fed's holding pattern clouds the picture for mortgage rates in 2026," Orenstein said in a statement. "Mortgage rates remain elevated, affordability is strained and buyers and sellers may remain on the sidelines," Egan said.