economy
January 10, 2026
What's a good mortgage interest rate in 2026?
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TL;DR
- Mortgage rates in 2026 are a stark contrast to the lows of 2020-2021.
- Inflation led to rising interest rates in 2022, followed by rate cuts in late 2024 and 2025.
- Mortgage rates declined by about 1% in 2025 and could fall further in early 2026.
- A 'good' mortgage rate in early 2026 is considered anything lower than the current averages: 5.87% for 30-year and 5.25% for 15-year terms.
- To find better rates, shop around with at least three lenders, compare offers, and consider closing costs.
- Factors like a larger down payment, good credit score, and low debt can help secure lower rates.
- Current rates are generally in line with historical averages, and buyers who can afford payments should consider acting now, with the option to refinance later.
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