Mortgage Rates Plunge Again to a three-year low.
Mortgage Rates Plunge Again to a three-year low
According to a new report from MPA, January 16, 2026, mortgage rates plunged again to a three-year low,
Last week’s slide in mortgage borrowing costs took the average 30-year fixed rate to its lowest level for more than three years. This, according to Freddie Mac, was said on Thursday.
30 Year Fixed Average Not This Low Since September 2022
The 30-year fixed average has not been this low since September 2022, when it was on a steady upward trajectory amid rampant inflation and a series of aggressive Federal Reserve rate hikes.
Trump Ordered Freddie and GSE Fannie Mae to Purchase Causes Rate Slide
Rates slid late last week after President Trump said on social media that he would order Freddie and fellow GSE Fannie Mae to purchase an additional $200 billion in mortgage-backed securities to push rates lower. With this move. This buyback could be just what we need. It remains to be seen if the Mortgage Rates Plunge Again to a three-year low will accomplish the goal. That is, to lower interest rates even more.
Will Mortgage Rates Plunge Again to a three-year low Perhaps
And that decline helped the mortgage market begin the year with a roar as purchase and refinance applications both skyrocketed last week, according to the Mortgage Bankers Association (MBA).
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