Mortgage and refinance interest rates today, January 21, 2026: Rates spike as Trump pushes Greenland agenda

Core Insights - Mortgage rates have increased significantly due to President Trump's actions regarding Greenland, which have influenced 10-year Treasury yields to reach their highest levels in five months [1] - The average 30-year fixed mortgage rate has risen by 15 basis points to 6.05%, while the 15-year fixed rate has increased by 14 basis points to 5.50% [1] Current Mortgage Rates - The current national average mortgage rates are as follows: - 30-year fixed: 6.05% - 20-year fixed: 6.12% - 15-year fixed: 5.50% - 5/1 ARM: 6.34% - 7/1 ARM: 6.42% - 30-year VA: 5.54% - 15-year VA: 5.24% - 5/1 VA: 5.18% [5] Refinance Rates - Today's mortgage refinance rates are generally higher than purchase rates, although this is not always the case [3] Market Trends - Recent fluctuations in mortgage rates have been influenced by political events, with rates dropping following proposals aimed at enhancing home affordability and then rising again due to international tensions [17] - Despite recent increases, 30-year mortgage rates remain approximately half a point lower than they were a year ago, according to Freddie Mac data [17]