{"id":4108,"date":"2026-01-14T21:12:03","date_gmt":"2026-01-14T21:12:03","guid":{"rendered":"https:\/\/ft365.org\/index.php\/2026\/01\/14\/mortgage-rates-dip-to-three-year-low-bankrate\/"},"modified":"2026-01-14T21:12:03","modified_gmt":"2026-01-14T21:12:03","slug":"mortgage-rates-dip-to-three-year-low-bankrate","status":"publish","type":"post","link":"https:\/\/ft365.org\/index.php\/2026\/01\/14\/mortgage-rates-dip-to-three-year-low-bankrate\/","title":{"rendered":"Mortgage Rates Dip To Three-Year Low | Bankrate"},"content":{"rendered":"
\n
\n

Mortgage rates dipped again this week, with the 30-year fixed rate averaging 6.18%, down from 6.24% last week and the lowest level since September 2022, 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>\n6.18%<\/td>\n6.30%<\/td>\n7.08%<\/td>\n6.65%<\/td>\n6.18%<\/td>\n<\/tr>\n
15-year<\/td>\n5.49%<\/td>\n5.56%<\/td>\n6.40%<\/td>\n5.84%<\/td>\n5.49%<\/td>\n<\/tr>\n
30-year jumbo<\/td>\n6.37%<\/td>\n6.50%<\/td>\n7.16%<\/td>\n6.69%<\/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 0.34 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

\n

\"couple<\/p>\n

\n

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 December 2025 was $405,400, according to the National Association of Realtors. Based on a 20% down payment and a 6.18% mortgage rate, the monthly payment of $1,982 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

On Jan. 9, President Donald Trump announced on his social media platform that he directed mortgage giants Fannie Mae and Freddie Mac to buy $200 billion in mortgage-backed securities. Mortgage rates, already at a 15-month low of 6.24% before Trump\u2019s Truth Social post, briefly plunged below the 6% mark on that bit of news.<\/p>\n

Fannie and Freddie are the\u00a0government-sponsored enterprises\u00a0that back about two-thirds of U.S. home loans. Those mortgages are packaged as securities and sold to the Federal Reserve, pension funds and other institutional investors. So, while your home loan might be originated by a lender such as Rocket, loanDepot or Wells Fargo, or by an independent mortgage broker, it soon is turned into a mortgage bond owned by an investor. If the government steps in and buys additional bonds based on mortgages, the increased demand for home loans could lead to lower rates.<\/p>\n

While mortgage rates did indeed dip on Trump\u2019s proposal, there was skepticism within the industry that the move would create sustained relief for borrowers. \u201cIn my opinion, the $200 billion purchase is likely to produce a temporary and limited reduction in mortgage rates,\u201d says Sean Salter, a finance professor at Middle Tennessee State University.\u00a0\u201cUnless there is coordination with and support from monetary-policy actions via the Federal Reserve, and\/or fiscal-policy actions from Congress, the effects of Trump\u2019s announcement will likely not be highly impactful or long-lasting.\u201d<\/p>\n