01/16/2026
Mortgage rates for a 30-year fixed loan ticked up slightly this week to 6.16% from 6.15% last week—but remain at their lowest level in over a year.
For a median-priced $399,950 home, a 20% down payment would mean a monthly mortgage of about $1,951, excluding taxes and insurance, just $2 more than last week.
By comparison:
➡️ A year ago (6.93% rate): ~$2,109/month (+$158 vs. today)
➡️ At the October 2023 peak of 7.79%: ~$2,307/month (+$356 vs. today)
Even with the small weekly bump, buyers are still saving hundreds compared with rates from last year and the recent peak.
Learn more: https://rltor.cm/K9M5BX