Today, the mortgage interest rate on a 30-year fixed mortgage is 6.18%, according to the Mortgage Research Center. On a 15-year fixed mortgage, the average rate is 5.34%, and the average rate on a 30-year jumbo mortgage is 6.

The average mortgage interest rate on a 30-year term is 5.87%, according to Zillow, as of January 9, 2026. That's lower than the 5.99% rates had been consistently sitting at in recent weeks and could open up new, more affordable opportunities for buyers right now.

Trump directs $200 billion mortgage bond purchase to lower housing costs, citing Biden's 'broken economy' as he promises to restore affordability.

The rate on a 30-year fixed refinance rose to 6.22% today, according to the Mortgage Research Center. The average rate on a 15-year mortgage refinance is 5.32%. On a 20-year mortgage refinance, the average rate is 6.

The unemployment rate, according to the most recently released report, jumped to 4.6%, the highest level in years. The next report, set for a January 9 release date, could go a long way toward impacting future Fed rate policy, or it could encourage the bank to keep rates on hold.

The housing market faces dual pressure as fewer Americans apply for mortgages while lenders reduce loan programs and increase documentation requirements.