{"id":4029,"date":"2026-01-08T20:36:52","date_gmt":"2026-01-08T20:36:52","guid":{"rendered":"http:\/\/ft365.org\/index.php\/2026\/01\/08\/mortgage-rates-dip-to-15-month-low-bankrate\/"},"modified":"2026-01-08T20:36:52","modified_gmt":"2026-01-08T20:36:52","slug":"mortgage-rates-dip-to-15-month-low-bankrate","status":"publish","type":"post","link":"https:\/\/ft365.org\/index.php\/2026\/01\/08\/mortgage-rates-dip-to-15-month-low-bankrate\/","title":{"rendered":"Mortgage Rates Dip To 15-Month Low | Bankrate"},"content":{"rendered":"
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Mortgage rates dipped this week, with the 30-year fixed rate averaging 6.24%, down from 6.25% last week and the lowest level since September 2024, according to Bankrate\u2019s latest lender survey. <\/p>\n<\/p><\/div>\n

Current mortgage rates<\/h2>\n
\n\n\n\n\n\n\n\n
Loan type<\/th>\nCurrent<\/th>\n4 weeks ago<\/th>\nOne year ago<\/th>\n52-week average<\/th>\n52-week low<\/th>\n<\/tr>\n<\/thead>\n
30-year<\/td>\n6.24%<\/td>\n6.34%<\/td>\n7.08%<\/td>\n6.65%<\/td>\n6.24%<\/td>\n<\/tr>\n
15-year<\/td>\n5.54%<\/td>\n5.59%<\/td>\n6.30%<\/td>\n5.88%<\/td>\n5.50%<\/td>\n<\/tr>\n
30-year jumbo<\/td>\n6.42%<\/td>\n6.52%<\/td>\n7.07%<\/td>\n6.71%<\/td>\n6.31%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

The 30-year fixed mortgages in this week\u2019s survey had an average total of 0.31 discount and origination points. Discount points are a way to lower your mortgage rate, while origination points are fees lenders charge to create, review and process your loan.<\/p>\n

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Shop smarter for mortgage rates <\/h3>\n

Bankrate connects you to the latest lender offers, tailored to you. Find your low rate today.<\/p>\n

Explore mortgage rates <\/p>\n<\/div><\/div>\n

Monthly mortgage payment at today\u2019s rates<\/h2>\n

The national median family income for 2025 was $104,200, according to the U.S. Department of Housing and Urban Development, and the median price of an existing home sold in November 2025 was $409,200, according to the National Association of Realtors. Based on a 20% down payment and a 6.24% mortgage rate, the monthly payment of $2,013 amounts to about 23% of the typical family\u2019s monthly income.<\/p>\n

\u201cWith more housing inventory coming online and home prices starting to level off, this remains a promising environment for those looking to buy or refinance,\u201d says Samir Dedhia, CEO of One Real Mortgage.\u00a0\u00a0<\/p>\n

What will happen to mortgage rates in 2026?<\/h2>\n

At the end of 2025, all eyes in the mortgage market were on the delayed release of third-quarter gross domestic product (GDP) numbers. That report came Dec. 23 from the Commerce Department, which said the U.S. economy expanded at a surprisingly strong 4.3% in the summer months.<\/p>\n

What does that mean for mortgage rates? The old saw is that good economic news boosts mortgage rates, while bad economic news pushes them down.<\/p>\n

\u201cI expect the average 30-year fixed rate to fall below 6% for the first time since the summer of 2022,\u201d says Ted Rossman, Bankrate senior industry analyst. \u201cIt could go as low as 5.5%, given anticipated Fed rate cuts and a recession scare. But stubbornly high inflation readings and rumblings of a less independent Fed could apply upward pressure at other times of the year. The average 30-year fixed mortgage rate should bounce around 6% \u2014 sometimes a little lower, sometimes a little higher \u2014 throughout much of 2026.\u201d<\/p>\n

The Mortgage Bankers Association is more optimistic about the U.S. economy \u2014 and pessimistic about mortgage rates. While some housing economists do expect 30-year mortgage rates to dip below 6% in 2026, the trade group sees a growing economy and stubborn inflation, and therefore expects mortgage rates to hold at 6.4% for the entire year.<\/p>\n