Mortgage and refinance interest rates today, January 2, 2026: Last year, rates fell from 7% to near 6%

Mortgage rates were down for the past week. According to Freddie Mac, the national average 30-year fixed mortgage this week was 6.15%, a new low for 2025. It topped 7% in January 2025. The 15-year fixed rate was 5.44%. Current mortgage rates Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 6.16% 20-year fixed: 5.93% 15-year fixed: 5.42% 5/1 ARM: 6.26% 7/1 ARM: 6.14% 30-year VA: 5.58% 15-year VA: 5.08% 5/1 VA: 5.24% Remember, these are national averages ...