Skip To Content

    The latest mortgage interest rate update as of 01/28/21

    Average weekly rate data as provided by the Freddie Mac Primary Mortgage Market Survey®

    01/28/21
    (most recent)

    Trending

    Average
    Rate

    Points
    & Fees

    Margin

     30-Year Fixed Rate

    ▼ down

    2.73%

    0.7

    N/A

     15-Year Fixed Rate

    ▼ down

    2.20%

    0.6

    N/A

     5/1-Year ARM

     even

    2.80%

    0.3

    2.75

    01/21/21
    (previous week)

    Average
    Rate

    Points
    & Fees

    Margin

     30-Year Fixed Rate

    2.77%

    0.7

    N/A

     15-Year Fixed Rate

    2.21%

    0.6

    N/A

     5/1-Year ARM

    2.80%

    0.4

    2.75

    The data presented above are the exact published results of Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) and are provided for informational purposes only. The data are not rate quotes and are not intended as an advertisement of interest rates as defined by Regulation Z, Section 1026.2.

    Mortgage Rates Move Down

    “As the market reacts to a new administration in Washington and COVID-19 driven economic malaise, mortgage rates continued to decrease this week, just slightly. Even as house prices increase at the fastest rate we’ve seen in years, competition to buy is strong given the low inventory that exists across the country. The fact that there are not enough homes to meet demand is going to be an ongoing issue for the foreseeable future.”

    – Sam Khater, Chief Economist, Freddie Mac

    Trackback from your site.

    Leave a Reply