Mortgage and refinance interest rates today, January 18, 2026: Weekly rates drop by 19 basis points

Current mortgage rates are under 6%. According to Zillow, the average 30-year fixed mortgage rate has decreased by 19 basis points over the last month and is now 5.90%. The 15-year fixed rate has dropped by 16 basis points in this time, now sitting at 5.36%. To take advantage of today's low mortgage rates, shop with several mortgage lenders to find the best deal. Current mortgage rates Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 5.90% 20-year fixed: 5.84% ...