Current Mortgage Interest Rates for January 15, 2026

As of January 15, 2026, mortgage interest rates have improved, with averages at 5.87% for 30-year loans and 5.25% for 15-year loans, down from over 7% in 2025. Refinance rates are 6.62% for 30-year terms and 5.53% for 15-year options, offering homeowners potentially significant savings. While rates are expected to decline further later in the year, it’s advisable to explore current offers. Review your options now to secure the best mortgage rates available.