"Mortgage rates remain near their lowest levels in three years, which is encouraging for potential homebuyers who have waited to enter the market for some time. Lower rates, combined with strong income growth, have led to a steady increase in purchase applications compared to last year. More homeowners refinancing their mortgages are also benefiting from these lower rates, as shown by the rise in refinance applications over the past year."
• 30-year fixed-rate mortgage (FRM) averaged 6.10 percent for the week ending January 29, 2026, down from last month when it averaged 6.18 percent. A year ago, at this time, the 30-year FRM averaged 6.85 percent.
• 15-year FRM this week averaged 5.49 percent, down from last month when it averaged 5.5 percent. A year ago, at this time, the 15-year FRM averaged 6.12 percent.
