Mortgage Rates Remain Lower and Steady

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) released its Primary Mortgage Market Survey for Jan 29, 2026 showing the 30-year fixed-rate mortgage averaged 6.10% and the 15-year averaged 5.49%. Rates are near three-year lows and support increased purchase and refinance application activity.

The 30-year rate rose slightly from 6.09% the prior week but is down from 6.95% a year earlier; the 15-year rate also declined year-over-year from 6.12%.

MCLEAN, Va., Jan. 29, 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 6.10%.

“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 Sam Khater, Freddie Mac’s Chief Economist. “Lower rates, combined with strong income growth, have led to a steady increase in purchase applications compared to last year. We’re 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.”

News Facts

• The 30-year FRM averaged 6.10% as of January 29, 2026, up slightly from last week when it averaged 6.09%. A year ago at this time, the 30-year FRM averaged 6.95%.
• The 15-year FRM averaged 5.49%, up from last week when it averaged 5.44%. A year ago at this time, the 15-year FRM averaged 6.12%.

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/28e3b66a-25dc-450d-ad1d-5aa6a6eb95fe

FAQ

What did Freddie Mac (FMCC) report for the 30-year fixed-rate mortgage on January 29, 2026?

The 30-year fixed-rate mortgage averaged 6.10% on January 29, 2026, a slight weekly uptick. According to Freddie Mac, this is near three-year lows and below the 6.95% average from a year earlier, supporting higher purchase and refinance demand.

How did the 15-year mortgage rate reported by Freddie Mac (FMCC) on Jan 29, 2026 compare year-over-year?

The 15-year fixed-rate mortgage averaged 5.49% on Jan 29, 2026, lower than a year ago. According to Freddie Mac, the rate fell from 6.12% a year earlier, reflecting more favorable borrowing costs for shorter-term mortgages.

Did Freddie Mac (FMCC) say mortgage rates are rising or falling in the Jan 29, 2026 PMMS?

Freddie Mac indicated rates remain relatively low and steady, with small weekly changes. According to Freddie Mac, the 30-year rate was 6.10%, up from 6.09% the prior week but materially lower than a year earlier.

What impact did Freddie Mac (FMCC) report that lower rates had on housing activity as of Jan 29, 2026?

Lower mortgage rates have encouraged increased purchase and refinance applications compared with last year. According to Freddie Mac, stronger income growth plus lower rates drove steadier purchase demand and a rise in refinance activity.

Where can investors find more details about Freddie Mac's (FMCC) Primary Mortgage Market Survey results?

Freddie Mac publishes the PMMS and supporting FAQs and charts on its website and investor channels. According to Freddie Mac, the survey focuses on conventional conforming loans and provides historical weekly rate comparisons.