economy
January 12, 2026
What are today's mortgage interest rates: January 12, 2026?
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TL;DR
- Mortgage interest rates dropped significantly in 2025, ending the year over a full percentage point lower.
- Encouraging signs suggest this cooling trend may continue into 2026.
- As of January 12, 2026, the average 30-year mortgage rate is 5.87%, and the 15-year rate is 5.25%.
- Refinance rates on January 12, 2026, are 6.41% for a 30-year term and 5.43% for a 15-year term.
- Borrowers with good credit may find rates below these averages by shopping around.
- Rates fluctuate daily based on factors like the 10-year Treasury yield and Federal Reserve actions.
- 15-year mortgage terms currently offer lower rates and faster payoff timelines.
- Consider closing costs when evaluating refinance options.
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