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Mortgage Rates Drop: Homeowners Urged to Compare Offers

1/21/2026

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Summary

Story summary

As of January 21, 2026, the average 30-year fixed mortgage rate is 5.99%.
The average refinance rate is 6.72%.
Rates have declined since 2025.
Historical context shows that rates around 7% are not unusual across past decades.
Homeowners are encouraged to compare offers from multiple lenders to secure the best rates and terms.

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Story summary

As of January 21, 2026, the average 30-year fixed mortgage rate is 5.99%.
The average refinance rate is 6.72%.
Rates have declined since 2025.
Historical context shows that rates around 7% are not unusual across past decades.
Homeowners are encouraged to compare offers from multiple lenders to secure the best rates and terms.