Mortgage rates continue to decline in January
Freddie Mac reported the 30-year fixed-rate mortgage averaged 6.10% in January, 9 basis points (bps) lower than the previous month. This follows the trend of slowly dropping mortgage rates throughout 2025 continuing into 2026. The 15-year mortgage rate also fell 4 bps in January to 5.44%. In comparison to a year ago, the 30-year and 15-year rates are down 86 bps and 72 bps respectively.
This decline comes despite the bump in treasury yields. The 10-year treasury yield averaged 4.20%, a slight jump of 8 bps. “While mortgage rates typically move in tandem with the treasury yields, the spread between the two narrowed during the month,” said Catherine Koh, economist at NAHB.
Photo Credit: NAHB
