30-Year Mortgage Rate Rises to 6.09%, Near Three-Year Low

The average rate on a 30-year fixed mortgage increased to 6.09% as of January 22, 2026, according to data released by Freddie Mac. Despite the rise, the rate remains near its lowest level in over three years, reflecting continued easing in borrowing costs amid stable inflation and Federal Reserve policy expectations. The weekly survey showed rates rising slightly from 6.05% the prior week, driven by modest bond market volatility. However, long-term mortgage rates have held below 6.2% for much of the past quarter, supported by a flattening yield curve and reduced demand for home loans. The 30-year fixed-rate mortgage has hovered around this range since late 2024, after peaking above 7.5% in early 2023. The current level is still significantly higher than the historical average but offers relief compared to recent highs.