Mortgage and refinance interest rates today, January 9, 2026: Trump floats plan to push rates down

Mortgage Rates Overview - Mortgage rates have been fluctuating within an 11-basis-point range since late October, with the national average 30-year fixed mortgage rate currently at 6.16%, up one basis point, and the 15-year fixed rate at 5.46%, up two basis points [1][14] Government Influence - President Trump's initiative for Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds could potentially lower mortgage rates below 6% [1] Future Projections - The Mortgage Bankers Association (MBA) forecasts that the 30-year mortgage rate will remain around 6.4% through 2026, while Fannie Mae predicts a slight decrease to 5.9% in Q4 2026 [16] - For 2027, the MBA anticipates 30-year fixed rates of 6.3% for most of the year, with a rise to 6.4% in Q4, while Fannie Mae expects average rates near 5.9% for the entire year [17]