30-year mortgage rates fall to near three-year low, White House says

True

Evidence from credible sources supports the statement as accurate. Learn more in Methodology.

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Confirm the national average rate for 30-year fixed mortgages is at or below the lowest level recorded in the past ~three years.

Source summary

The White House reports that, as of January 2026, U.S. retail gasoline prices have fallen to their lowest levels since 2021 and 30-year mortgage rates have dropped to near three-year lows. According to the statement, gas is below $3 per gallon in many states and motorists are projected to spend about $11 billion less on fuel in 2026; mortgage relief is attributed to lower rates, declining rents, and White House actions such as directing purchases of $200 billion in mortgage-backed securities through Fannie Mae and Freddie Mac and restricting large institutional buyers of single-family homes. The administration frames these developments as delivering financial relief to American households.

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Latest fact check

Available data indicate that the statement is accurate. On Jan. 9, 2026, NBC News, citing data provider Mortgage News Daily, reported the average interest rate for a 30-year fixed residential mortgage had fallen to 5.99%, noting this was "the lowest the 30-year average rate has been since February 2023." Mortgage News Daily’s own rate table shows the 30-year fixed average at 6.06% on Jan. 9, 2026 (with intraday moves to 5.99%) after being higher throughout late 2023 and 2024, consistent with that description of a multi‑year low.

Since February 2023 was the last time rates were at or below this level, and the date of the new low is January 2026, this corresponds to the lowest level in nearly three years. Verdict: True, because independent rate series and contemporaneous reporting both support that the 30‑year fixed average reached its lowest point since early 2023, which is accurately described as "nearly three years."

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Timeline

Update · Jan 13, 2026, 12:41 AMTrue
Available data indicate that the statement is accurate. On Jan. 9, 2026, NBC News, citing data provider Mortgage News Daily, reported the average interest rate for a 30-year fixed residential mortgage had fallen to 5.99%, noting this was "the lowest the 30-year average rate has been since February 2023." Mortgage News Daily’s own rate table shows the 30-year fixed average at 6.06% on Jan. 9, 2026 (with intraday moves to 5.99%) after being higher throughout late 2023 and 2024, consistent with that description of a multi‑year low. Since February 2023 was the last time rates were at or below this level, and the date of the new low is January 2026, this corresponds to the lowest level in nearly three years. Verdict: True, because independent rate series and contemporaneous reporting both support that the 30‑year fixed average reached its lowest point since early 2023, which is accurately described as "nearly three years."
Original article · Jan 12, 2026
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