Average 30-year mortgage rate has fallen to multi-year lows, lowering monthly payments

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Verify prevailing 30-year fixed mortgage rate data (e.g., Freddie Mac weekly survey or cited news reports) shows multi-year lows and corresponding reductions in typical monthly payments.

Source summary

The White House reports improving signs in the U.S. housing market — including lower mortgage rates, a rebound in existing home sales, and stronger affordability indexes — and attributes momentum to income growth and easing borrowing costs. The Trump administration says it is pursuing additional measures, such as directing Fannie Mae and Freddie Mac to purchase $200 billion in mortgage-backed securities and taking steps to limit large institutional purchases of single-family homes to increase inventory for individual buyers.

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Data from several reputable sources indicate that in early January 2026 the average 30‑year fixed mortgage rate fell to its lowest level in at least a couple of years, and this drop directly reduced typical monthly housing payments. Freddie Mac’s Primary Mortgage Market Survey shows the 30‑year fixed rate at 6.15–6.16% for the weeks ending December 31, 2025 and January 8, 2026, down from 6.93% a year earlier and from around 7% during much of 2024–2025, with Freddie Mac characterizing rates as hovering near 6% and clearly lower than a year before. The Federal Reserve Bank of St. Louis, which republishes Freddie Mac’s series, likewise records 6.16% for the week ending January 8, 2026, after materially higher readings throughout 2024 and most of 2025. Separately, Mortgage News Daily’s rate series, cited by NBC News, shows the average 30‑year fixed mortgage rate falling to 5.99% on January 9, 2026, the lowest since February 2023—explicitly described by NBC as the first time in years that rates were below 6%. Redfin’s January 8, 2026 housing market update notes that the weekly average 30‑year rate of 6.15% is "the lowest level in over a year" and ties that decline directly to a drop in the median U.S. monthly housing payment to its lowest level in two years. Taken together, these sources support that average 30‑year fixed mortgage rates in early January 2026 were at multi‑year lows on at least one widely used series, and that this rate decline had already pushed typical monthly housing payments to their most affordable levels in roughly two years; therefore, the statement is best rated as True because both components (multi‑year rate lows on a major benchmark and lower monthly payments) are substantiated by primary data and contemporary reporting.

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Update · Jan 15, 2026, 03:17 AMTrue
Data from several reputable sources indicate that in early January 2026 the average 30‑year fixed mortgage rate fell to its lowest level in at least a couple of years, and this drop directly reduced typical monthly housing payments. Freddie Mac’s Primary Mortgage Market Survey shows the 30‑year fixed rate at 6.15–6.16% for the weeks ending December 31, 2025 and January 8, 2026, down from 6.93% a year earlier and from around 7% during much of 2024–2025, with Freddie Mac characterizing rates as hovering near 6% and clearly lower than a year before. The Federal Reserve Bank of St. Louis, which republishes Freddie Mac’s series, likewise records 6.16% for the week ending January 8, 2026, after materially higher readings throughout 2024 and most of 2025. Separately, Mortgage News Daily’s rate series, cited by NBC News, shows the average 30‑year fixed mortgage rate falling to 5.99% on January 9, 2026, the lowest since February 2023—explicitly described by NBC as the first time in years that rates were below 6%. Redfin’s January 8, 2026 housing market update notes that the weekly average 30‑year rate of 6.15% is "the lowest level in over a year" and ties that decline directly to a drop in the median U.S. monthly housing payment to its lowest level in two years. Taken together, these sources support that average 30‑year fixed mortgage rates in early January 2026 were at multi‑year lows on at least one widely used series, and that this rate decline had already pushed typical monthly housing payments to their most affordable levels in roughly two years; therefore, the statement is best rated as True because both components (multi‑year rate lows on a major benchmark and lower monthly payments) are substantiated by primary data and contemporary reporting.
Original article · Jan 14, 2026
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