Mortgage Rates Remain the Lowest in Three Years

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) released its Primary Mortgage Market Survey for Jan 22, 2026 showing the 30-year fixed-rate mortgage (FRM) averaged 6.09% and the 15-year FRM averaged 5.44%. The 30-year rate rose from 6.06% last week but is down from 6.96% a year ago; the 15-year rate rose from 5.38% last week and was 6.16% a year ago. The PMMS focuses on conventional, conforming, fully amortizing home-purchase loans for borrowers with 20% down and excellent credit. Freddie Mac said improving economic conditions and lower 30-year rates versus a year ago are bringing more homebuyers into the market and encouraged shopping multiple lender quotes.

Positive

• 30-year FRM 6.09% as of Jan 22, 2026 (down from 6.96% one year earlier)
• 15-year FRM 5.44% as of Jan 22, 2026 (down from 6.16% one year earlier)

Negative

• 30-year FRM +0.03 percentage point week-over-week (6.06% to 6.09%)
• 15-year FRM +0.06 percentage point week-over-week (5.38% to 5.44%)

MCLEAN, Va., Jan. 22, 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 6.09%.

“With the economy improving and the average 30-year fixed-rate mortgage nearly a percentage point lower than last year, more homebuyers are entering the market,” said Sam Khater, Freddie Mac’s Chief Economist. “Buyers always should shop around for the best rate, as multiple quotes can potentially save them thousands.”

News Facts

• The 30-year FRM averaged 6.09% as of January 22, 2026, up from last week when it averaged 6.06%. A year ago at this time, the 30-year FRM averaged 6.96%.
• The 15-year FRM averaged 5.44%, up from last week when it averaged 5.38%. A year ago at this time, the 15-year FRM averaged 6.16%.

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/b61bd1fd-3019-4e1e-8929-04d817478190

FAQ

What did Freddie Mac (FMCC) report for the 30-year mortgage rate on Jan 22, 2026?

Freddie Mac reported the 30-year FRM averaged 6.09% on Jan 22, 2026.

How did the Jan 22, 2026 30-year rate compare to one year earlier for FMCC's PMMS?

The 30-year FRM fell from 6.96% a year earlier to 6.09% as of Jan 22, 2026.

What were the week-over-week changes in mortgage rates in FMCC's Jan 22, 2026 report?

The 30-year rose 0.03 points (6.06% to 6.09%) and the 15-year rose 0.06 points (5.38% to 5.44%).

What loan types does Freddie Mac's PMMS (FMCC) cover in the Jan 22, 2026 release?

The PMMS covers conventional, conforming, fully amortizing home purchase loans for borrowers with 20% down and excellent credit.

Does Freddie Mac (FMCC) say lower rates are affecting homebuyer activity?

Freddie Mac said improving economic conditions and a nearly one-percentage-point lower 30-year rate versus last year are bringing more homebuyers into the market.