Design Highlights

Average 30-year fixed mortgage rates increased slightly to 6.18%, while 15-year rates remained at 5.60%, showing stability despite recent fluctuations.
Jumbo mortgage rates decreased to 6.37%, down by 0.04 basis points from last week, indicating a minor drop in borrowing costs.
The Federal Reserve’s upgraded economic assessment from “moderate” to “solid” may have contributed to market stability, affecting mortgage rates.
Experts predict 62% believe mortgage rates will remain stable, with only 8% expecting increases in the coming week.
Global economic uncertainty continues to influence mortgage rates, but government interventions have driven some recent reductions in borrowing costs.

Mortgage Rates Today

What’s the deal with mortgage rates today? Well, buckle up, because as of January 28, 2026, the average 30-year fixed mortgage rate is sitting at 6.18%. That’s right, folks, a little jump of 0.05 basis points from last week.

But before you panic, keep in mind that this rate is still lounging near three-year lows. The monthly payment on a $100,000 loan? A cozy $73.26. Not too shabby, right?

Now, if you’re in the market for a 15-year fixed mortgage, the average rate is 5.60%. This also saw a slight uptick of 0.03 basis points from the previous week.

That monthly payment? About $98.69 for $100,000 borrowed. Sure, it’s an increase, but it’s still considerably lower than the 6.26% we were dealing with just a year ago. Plus, it hit a 52-week low of 5.49%. So, there’s that silver lining.

Jumbo mortgages? They’ve got their own drama. The average rate dipped to 6.37%, which is a decrease of 0.04 basis points from last week.

Monthly payments are a tad lighter now, down by $0.31. However, don’t get too comfy; it’s still a smidge higher than last month’s 6.35%. And talk about a long-term forecast! The 52-week low for jumbo loans rests at 6.31%.

Now, what’s cooking in the economic kitchen? The Federal Reserve has bumped its economic assessment from “moderate” to “solid.” A recent drop in the federal funds rate has had a minimal impact on mortgage rates, suggesting that they may remain stable. They’ve even ditched the scary talk about rising employment risks. Inflation is still hanging around, tagged as “somewhat elevated.” This shift has helped stabilize mortgage rates. Furthermore, current refinance rates are lower than early 2025 peaks, which adds to the attractiveness of refinancing options.

Looking ahead, predictions for the coming week are surprisingly optimistic. About 62% of experts think rates will stay put. Only 8% are bracing for increases.

The consensus? A slight downward drift might be on the horizon. Just as improving credit scores can dramatically reduce auto insurance premiums by up to 54%, financial health plays a crucial role in securing favorable lending terms.

In the long game, Fannie Mae is predicting rates will stabilize around 6% throughout 2026 and even into 2027. That’s a bit of a decline from where we currently stand.

But let’s not forget the wild card: government intervention. The Trump administration pushed for $200 billion in mortgage-backed security purchases, helping to drive rates down to their recent lows.

Global uncertainty is still a wild ride, impacting rates and creating chaos.