Mortgage Rates Drop Significantly Compared to Last Year
Current mortgage rates are notably lower than last January, with the average 30-year fixed rate down 98 basis points to 6.06%, according to Freddie Mac. Zillow data lists various current rates, including 30-year fixed at 5.86% and 15-year fixed at 5.33%. Refinance rates are also provided, with 30-year fixed at 6.05%. Economists expect rates to remain relatively stable through 2026.