Mortgage Rates Stable, Purchase Demand Rising

Rhea-AI Summary

Freddie Mac (OTCQB: FMCC) released its Primary Mortgage Market Survey for Jan 8, 2026 showing the 30-year fixed-rate mortgage averaged 6.16%. Rates were essentially stable week-over-week (6.16% vs 6.15%) and down from 6.93% a year earlier. The 15-year FRM averaged 5.46%, up slightly from 5.44% last week and down from 6.14% a year ago. Freddie Mac said solid economic growth and lower rates have coincided with stronger for-sale demand, with purchase applications up over 20% year-over-year. The PMMS focuses on conventional, conforming, fully amortizing purchase loans for borrowers with 20% down and excellent credit.

Positive

• 30-year FRM down from 6.93% to 6.16% year-over-year
• 15-year FRM down from 6.14% to 5.46% year-over-year
• Purchase applications +20%+ YoY, indicating improving demand

Negative

• None.

News Market Reaction

-0.20%

1 alert

-0.20% News Effect

On the day this news was published, FMCC declined 0.20%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MCLEAN, Va., Jan. 08, 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 6.16%.

“In the first full week of the new year, mortgage rates remained within a narrow range, hovering close to the 6% mark,” said Sam Khater, Freddie Mac’s Chief Economist. “The combination of solid economic growth and lower rates has led to improving momentum in for-sale residential demand, with purchase applications up over 20% from a year ago.” 

News Facts

• The 30-year FRM averaged 6.16% as of January 8, 2026, up slightly from last week when it averaged 6.15%. A year ago at this time, the 30-year FRM averaged 6.93%.
• The 15-year FRM averaged 5.46%, up from last week when it averaged 5.44%. A year ago at this time, the 15-year FRM averaged 6.14%.

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/205cdddf-dcaa-4271-a509-aaa9dff10df5

FAQ

What did Freddie Mac (FMCC) report for the 30-year mortgage rate on Jan 8, 2026?

The 30-year FRM averaged 6.16% as of January 8, 2026.

How did the 30-year FRM on Jan 8, 2026 compare to a year earlier for FMCC?

It fell from 6.93% a year ago to 6.16% on January 8, 2026.

What did Freddie Mac say about purchase demand in the Jan 8, 2026 PMMS (FMCC)?

Freddie Mac reported that purchase applications rose over 20% year-over-year, signaling improving for-sale demand.

What was the 15-year fixed-rate mortgage reported by Freddie Mac on Jan 8, 2026 (FMCC)?

The 15-year FRM averaged 5.46% as of January 8, 2026, down from 6.14% a year earlier.

Does the PMMS reported by Freddie Mac (FMCC) cover all mortgage types?

No. The PMMS focuses on conventional, conforming, fully amortizing purchase loans for borrowers with 20% down and excellent credit.