Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS) on Jan. 15, 2026, showing the 30-year fixed-rate mortgage (FRM) averaged 6.06%. The 30-year FRM decreased from last week’s average of 6.16%. A year ago on Jan. 15, 2025, the 30-year FRM averaged 7.04%.
“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.”
