The Average 30-Year Fixed-Rate Mortgage Hits Lowest Level in Over Three Years

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) reported its Primary Mortgage Market Survey results showing the 30-year fixed-rate mortgage (FRM) averaged 6.06% as of January 15, 2026, down from 6.16% the prior week and from 7.04% a year earlier. The 15-year FRM averaged 5.38%, down from 5.46% last week and 6.27% a year ago. Freddie Mac said late-week rate drops pushed the weekly average to its lowest level in over three years and coincided with jumps in weekly purchase and refinance applications, which the company said signal improving housing activity ahead of spring.

The PMMS focuses on conventional, conforming, fully amortizing purchase loans for borrowers with 20% down and excellent credit, and Freddie Mac reiterated its mission to support housing market liquidity and affordability.

Positive

• 30-year FRM 6.06% as of Jan 15, 2026, down from 6.16% week-over-week
• 30-year FRM declined from 7.04% year-over-year
• 15-year FRM 5.38%, down from 5.46% week-over-week
• Weekly purchase and refinance applications jumped after the late-week rate drop

Negative

• PMMS rates reflect borrowers with 20% down and excellent credit, limiting applicability to broader mortgage market

News Market Reaction

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+0.69% News Effect

On the day this news was published, ATHM gained 0.69%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MCLEAN, Va., Jan. 15, 2026 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey^® (PMMS^®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.06%.

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

News Facts

• The 30-year FRM averaged 6.06% as of January 15, 2026, down from last week when it averaged 6.16%. A year ago at this time, the 30-year FRM averaged 7.04%.
• The 15-year FRM averaged 5.38%, down from last week when it averaged 5.46%. A year ago at this time, the 15-year FRM averaged 6.27%.
  
  

The PMMS^® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. For more information, view our Frequently Asked Questions.

Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | X | LinkedIn | Facebook | Instagram | YouTube

MEDIA CONTACT:
Angela Waugaman
(703) 714-0644
Angela_Waugaman@FreddieMac.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ebba158d-3952-40e6-9cc5-0444ae7a3f84

FAQ

What was Freddie Mac's reported 30-year mortgage rate on January 15, 2026 (FMCC)?

The 30-year fixed-rate mortgage averaged 6.06% on January 15, 2026.

How did the 30-year FRM reported by FMCC change week-over-week and year-over-year?

It fell from 6.16% last week to 6.06%, and from 7.04% a year ago.

What did Freddie Mac say about mortgage application activity after the rate drop (FMCC)?

Freddie Mac said weekly purchase and refinance applications jumped following the late-week rate decline.

What was the 15-year fixed-rate mortgage average reported by Freddie Mac on Jan 15, 2026?

The 15-year FRM averaged 5.38%, down from 5.46% the prior week and 6.27% a year ago.

Does the PMMS survey from Freddie Mac (FMCC) represent all mortgage borrowers?

No; the PMMS focuses on conventional, conforming, fully amortizing purchase loans for borrowers with 20% down and excellent credit, so results may not reflect all borrower segments.