Mortgage and refinance interest rates today, January 20, 2026: Rates have plummeted over the last year

In 2026, mortgage rates have started much lower than they did at the beginning of 2025. According to Zillow, the average 30-year fixed mortgage rate is 5.90% — 82 basis points lower than this time last year. The 15-year fixed rate has decreased by 63 basis points and is now 5.36%. A Yahoo Finance weekly survey of lenders with the best mortgage rates revealed three top-five-ranked lenders with loan rates at or below 5.50%. Today's mortgage rates Here are the current mortgage rates, according to our lat ...