The Average 30-Year Fixed-Rate Mortgage Hits Lowest Level in Over Three Years

Core Insights - Freddie Mac reported that the 30-year fixed-rate mortgage (FRM) averaged 6.06% as of January 15, 2026, marking a decrease from 6.16% the previous week and down from 7.04% a year ago [1][6] - The decline in mortgage rates has led to a significant increase in weekly purchase applications and refinance activity, indicating an improvement in housing activity and a positive outlook for the upcoming spring sales season [2] Mortgage Rate Trends - The 30-year FRM decreased to 6.06% from 6.16% week-over-week and from 7.04% year-over-year [6] - The 15-year FRM averaged 5.38%, down from 5.46% the previous week and from 6.27% a year ago [6] Freddie Mac's Mission - Freddie Mac aims to enhance liquidity, stability, and affordability in the housing market, having assisted millions of families in buying, renting, or maintaining their homes since its inception in 1970 [3]