Current mortgage rates for Jan. 2026
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The average rate on 30-year fixed home loans dropped to 6.06% for the week ending Jan. 15, the lowest level since September 2022.
The average interest rate on a typical mortgage dipped to 6.06%, the lowest level since September 2022, according to Freddie Mac.
The average long-term U.S. mortgage rate is now down to its lowest level in more than three years. Mortgage buyer Freddie Mac said Thursday that the benchmark 30-year fixed rate mortgage rate eased to 6.
While President Trump’s recent order could persuade lenders to issue more mortgages at lower interest rates, the effects could be small and short-lived.
Mortgage rates hover around 6%. While it's hard to time the market, here are effective strategies to secure the best rates in 2026.
Mortgage rates dropped markedly at the end of last week, causing a huge jump in demand to refinance and a smaller surge in demand from homebuyers.
“Mortgage rates are unlikely to move after a mild inflation report still marred by government shutdown-related distortions,” Redfin wrote. “Looking through the statistical issues, inflation likely remains as expected, keeping the Fed on hold for the foreseeable future.”