Mortgage rates today were little changed in today’s update, with the average 30-year fixed conforming mortgage rate holding at 6.014%, according to a daily snapshot of recently locked loans.
While day-to-day movement was minimal, rates remain meaningfully lower than levels seen one week and one month earlier, offering modest relief for borrowers navigating a still-elevated rate environment.
The figures reflect a daily rate view based on recently locked loans, with the latest update referencing data reviewed on Jan. 16 for loans locked as of Jan. 15.
Key Rate Highlights
Key Mortgage rates today Insights:
- 30-Year Conventional: 6.014% (down from 6.138% last week, 6.219% last month)
- 30-Year Jumbo: 6.345% (down from 6.427% last week, 6.529% last month)
- 30-Year FHA: 5.888% (down from 5.988% last week, 6.048% last month)
- 30-Year VA: 5.693% (down from 5.764% last week, 5.801% last month)
- 30-Year USDA: 5.700% (down from 5.925% last week, 6.090% last month)
- 15-Year Conventional: 5.230% (down from 5.469% last week, 5.512% last month)
Today’s Mortgage Rate Snapshot
Average mortgage rates across common loan types were mixed but largely stable.
The average 30-year conventional mortgage rate stood at 6.014%, compared with 6.138% one week ago and 6.219% one month ago.
The 30-year jumbo mortgage rate averaged 6.345%, down from 6.427% a week earlier and 6.529% one month ago.
Among government-backed loans, the average 30-year FHA mortgage rate came in at 5.888%, compared with 5.988% one week ago and 6.048% one month ago.
The average 30-year VA mortgage rate was 5.693%, down from 5.764% a week earlier and 5.801% one month ago.
The 30-year USDA mortgage rate averaged 5.700%, compared with 5.925% one week ago and 6.090% one month ago.
Meanwhile, the average 15-year conventional mortgage rate stood at 5.230%, down from 5.469% one week ago and 5.512% one month ago.
Weekly Rate Trends
Looking at the broader trend, rates have been declining over the past week across most loan types:
- Conventional loans down 0.12 percentage points
- Jumbo loans down 0.08 percentage points
- FHA loans down 0.10 percentage points
- VA loans down 0.07 percentage points
- USDA loans down 0.23 percentage points
Mortgage rates today Key Points
When evaluating mortgage rates today, consider the following factors that impact your decision:
- Mortgage rates today basics: Understanding the fundamentals of mortgage rates today helps you make informed decisions.
- Market factors: Current mortgage rates today trends are influenced by economic conditions and regulatory changes.
- Comparison: Compare mortgage rates today options from multiple sources to find the best fit.
What This Means for Borrowers
The continued downward pressure on rates provides a favorable environment for both home purchases and refinancing. Borrowers considering a mortgage should compare rates across multiple lenders and loan types to find the best terms for their situation.
While daily fluctuations are normal, the overall weekly and monthly trends suggest a gradual easing of mortgage costs. Prospective buyers and refinancers should monitor these trends and work with lenders to lock in favorable rates when opportunities arise.
Related topics include interest rate, APR, loan rate, which may impact mortgage rates today decisions.
