What are today's mortgage interest rates: January 22, 2026?

January 22, 2026

TL;DR

Winter, specifically January, may be an opportune time to buy a home.
Mortgage interest rates have declined by over a full percentage point in 2025.
As of January 22, 2026, the average 30-year mortgage rate is 5.99%, and the 15-year rate is 5.37%.
Refinance rates on January 22, 2026, are 6.64% for a 30-year term and 5.72% for a 15-year term.
Waiting for further rate drops is risky, as future decreases are not guaranteed, and the market may change.
Shopping around can help eligible homeowners find rates lower than the stated averages.

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