Fifteen-year mortgage rates fell to a one-month low today. Currently, the average interest rate on a 30-year fixed mortgage is 6.14%, compared to 6.15% a week ago, according to the Mortgage Research Center.

The average mortgage interest rate on a 30-year term is 5.87%, according to Zillow, as of January 9, 2026. That's lower than the 5.99% rates had been consistently sitting at in recent weeks and could open up new, more affordable opportunities for buyers right now.

Mortgage rates remain steady near 6.4% as analysts predict a 14% increase in 2026 home sales and tighter mortgage spreads.

The rate on a 30-year fixed refinance rose to 6.22% today, according to the Mortgage Research Center. The average rate on a 15-year mortgage refinance is 5.32%. On a 20-year mortgage refinance, the average rate is 6.

The unemployment rate, according to the most recently released report, jumped to 4.6%, the highest level in years. The next report, set for a January 9 release date, could go a long way toward impacting future Fed rate policy, or it could encourage the bank to keep rates on hold.

Product choice is at the highest since October 2007 and deals at 90% and 95% LTV brackets also sit at near 18-year highs.

Typically, the debt must be paid back upon a borrower’s death or the sale of the home. Reverse mortgages can be risky, because they may limit your ability to downsize your home or move to a care facility. And there may be no equity left if you intend to leave your home to any heirs.

The housing market faces dual pressure as fewer Americans apply for mortgages while lenders reduce loan programs and increase documentation requirements.