Mortgage and Refinance Interest Rates Today: January 12, 2026

It's a great time to buy or refinance a home with mortgage interest rates still relatively low. However, lenders are being picky about who gets the best deals.

Americans looking for affordable financing options have been dealt a bit of a mixed bag lately. While mortgage interest rates remain near historic lows, some borrowers may find it challenging to secure the lowest available rates.

Today's Mortgage Interest Rates:

• 30-year fixed: around 5.8% APR
• 15-year fixed: about 4.9% APR
• FHA loan: approximately 5.5% APR

Lenders are becoming increasingly selective, with some offering sub-6% rates to borrowers who meet specific criteria, such as:

• Excellent credit scores (720+)
• Highest down payments (20% or more)
• Low debt-to-income ratios

Homebuyers and refinancers are advised to shop around and compare rates from multiple lenders. Being prepared with all necessary documents, such as financial statements and identification, can also help speed up the application process.