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Giving Home > Giving News > Finance News > Mortgage Rates Decline

Mortgage Rates Decline

Published January 16, 2026

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, January 15. The survey showed the 30-year mortgage rate decreased to the lowest level in over three years.

This week, the 30-year fixed rate mortgage averaged 6.06%, down from last week’s average of 6.16%. Last year at this time, the 30-year fixed rate mortgage averaged 7.04%.

The 15-year fixed rate mortgage averaged 5.38% this week, down from last week’s 5.46%. During the same week last year, the 15-year fixed rate mortgage averaged 6.27%.

“Late last week, mortgage rates dropped, driving the weekly average down to its lowest level in more than three years,” said Freddie Mac’s Chief Economist, Sam Khater. “The impacts are noticeable, as weekly purchase applications and refinance activity have jumped, underscoring the benefits for both buyers and current owners. It is clear that housing activity is improving and poised for a solid spring sales season.”

Based on published national averages, the savings rate was 0.39% as of 12/15. The one-year CD averaged 1.63%.

Editor’s Note: The publicly available financial information is offered as a helpful and informative service to our friends. This article is not an endorsement of any company, product or service.