In 2026, mortgage rates have dropped significantly from 2025, with the average 30-year fixed rate at 5.90% and the 15-year fixed rate at 5.36%. A recent survey found three lenders with rates at or below 5.50%. Refinance rates are higher than purchase rates, with the 30-year fixed refinance rate at 6.01%. Using a mortgage calculator can help you compare different rates and term lengths to find the best option for you. The MBA and Fannie Mae predict mortgage rates to remain around 6.4% in 2026 and slightly lower in 2027, with rates around 6.3% to 5.9%.

Read more at Yahoo Finance: Mortgage and refinance interest rates today, January 20, 2026: Annual rates plummet