Mortgage and refinance interest rates today, January 7, 2026: A long stretch of stability

Core Insights - Mortgage rates have shown stability, with the average 30-year fixed rate at 6.01%, down three basis points, while the 15-year fixed rate increased by four basis points to 5.45% [1] Mortgage Rates Overview - Current national average mortgage rates include: - 30-year fixed: 6.01% - 20-year fixed: 5.97% - 15-year fixed: 5.45% - 5/1 ARM: 6.08% - 7/1 ARM: 6.04% - 30-year VA: 5.60% - 15-year VA: 5.09% - 5/1 VA: 5.25% [5] Refinance Rates - Today's mortgage refinance rates are generally higher than purchase rates, with national averages rounded to the nearest hundredth [3] Market Trends - Economists do not anticipate significant drops in mortgage rates before the end of 2026, with rates remaining stable since mid-October [17] - Recent trends indicate that 30-year mortgage rates are approximately half a point lower than one year ago [18]