US 30-year fixed-rate mortgage drops to near 3-1/2-year low of 6.06%

Reuters

Thu, January 15, 2026 astatine 11:40 AM CST 1 min read

WASHINGTON, Jan 15 (Reuters) - U.S. owe rates fell importantly this week aft the Trump ​administration initiated purchases of mortgage-backed securities to ‌boost lodging affordability.

The mean complaint connected the fashionable 30-year fixed-rate ‌mortgage declined to 6.06%, the lowest level since September 2022, from 6.16% past week, owe concern bureau Freddie Mac said connected Thursday. It averaged ⁠7.04% during the ‌same play a twelvemonth ago.

President Donald Trump past week ordered the Federal ‍Housing Finance Agency - which oversees Freddie Mac and different owe concern elephantine Fannie Mae - to acquisition $200 cardinal of ​bonds issued by the 2 companies.

FHFA Director ‌William Pulte said past week they had started with a $3 cardinal archetypal circular of purchases. Trump is nether unit to bring down costs, including for housing, arsenic helium and his chap Republicans ⁠face a pugnacious conflict to ​retain power of the ​U.S. Congress successful this year's mid-term elections.

Trump has besides projected banning organization investors from ‍buying single-family ⁠homes. The mean complaint connected the 15-year fixed-rate owe fell to 5.38% from 5.46% successful ⁠the anterior week. It averaged 6.27% during the aforesaid ‌period a twelvemonth ago.

(Reporting By Lucia Mutikani; ‌Editing by Hugh Lawson)