Mortgage Rates Inch Up

Published January 30, 2026

Freddie Mac released its latest Primary Mortgage Market Survey on Thursday, January 29. The survey showed mortgage rates increasing slightly this week but continuing to stay at relatively low levels.

This week, the 30-year fixed rate mortgage averaged 6.10%, up from last week’s average of 6.09%. Last year at this time, the 30-year fixed rate mortgage averaged 6.95%.

The 15-year fixed rate mortgage averaged 5.49% this week, up from last week’s 5.44%. During the same week last year, the 15-year fixed rate mortgage averaged 6.12%.

“Mortgage rates remain near their lowest levels in three years, which is encouraging for potential homebuyers who have waited to enter the market for some time,” said Freddie Mac’s Chief Economist, Sam Khater. “Lower rates, combined with strong income growth, have led to a steady increase in purchase applications compared to last year. We are also seeing more homeowners refinancing their mortgages to benefit from these lower rates, as shown by the rise in refinance applications over the past year.”

Based on published national averages, the savings rate was 0.39% as of 1/20. The one-year CD averaged 1.61%.

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.