United States Mortgage Rate

Last Release

Jan 02, 2026

Actual

6.25

Units In

6.32

Frequency

Weekly

Next Release

Jan 14, 2026

Time to Release

5 Days 5 Hours

Highest	Lowest	Average	Date Range	Source
10.56 Apr 1990	2.85 Dec 2020	6.07 %	1990-2026	Mortgage Bankers Association of America

MBA 30-Year Mortgage Rate is average 30-year fixed mortgage lending rate measured during the reported week and backed by the Mortgage Bankers Association.

Latest Updates

The average contract interest rate for 30-year fixed-rate mortgages on conforming loans of $806,500 or less in the US fell to 6.25% in the week ending January 2nd, the lowest level since September 2024, according to the Mortgage Bankers Association (MBA). This marks a decline from 6.32% the previous week ending December 26, equivalent to a decrease in points from 0.59 to 0.57, including the origination fee, for borrowers making a 20% down payment. Despite the lower rates, mortgage applications have dropped 9.7% over the past two weeks, leaving the index at its lowest level in nearly five months.