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The latest Freddie Mac mortgage-rate survey available on Friday, January 9, 2026, put the average 30-year fixed rate at 6.16% and the average 15-year fixed rate at 5.46%. Those figures were released Thursday, January 8; they are weekly national survey averages, not rate quotes issued specifically on Friday or offers guaranteed to an individual borrower.
Mortgage rates reported for January 9, 2026
Freddie Mac’s latest Primary Mortgage Market Survey (PMMS) on January 9 was the release published January 8. It reported these averages for conventional, conforming, fully amortizing home-purchase loans:
| Loan term | Average rate, Jan. 8, 2026 | Previous week | Year earlier | Change over previous week | Change over year |
|---|---|---|---|---|---|
| 30-year fixed | 6.16% | 6.15% | 6.93% | Up 0.01 percentage point | Down 0.77 percentage point |
| 15-year fixed | 5.46% | 5.44% | 6.14% | Up 0.02 percentage point | Down 0.68 percentage point |
Freddie Mac reported the current and comparison rates in its January 8, 2026 release; the percentage-point differences above are calculated from those published figures. A change of 0.01 percentage point is one basis point, not a 1% change in the rate.
What the average does—and does not—tell you
PMMS is a benchmark, not a personalized quote. Freddie Mac says its survey focuses on home-purchase borrowers with excellent credit who put 20% down, using conventional, conforming, fully amortizing loans. That profile will not match every buyer, and a lender may offer a different rate based on credit, down payment, loan details, location, and market conditions.
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Freddie Mac’s current survey methodology uses mortgage-rate data from thousands of loan applications submitted to it by lenders through Loan Product Advisor. The PMMS archive and methodology describe the survey and list the January 8 averages. Freddie Mac does not publish fees and points in the current survey because those items are not always required under current Loan Product Advisor requirements. The averages therefore do not establish your APR, lender fees, discount points, or total borrowing cost.
How to compare the 30-year and 15-year options
The survey rates alone cannot determine which term is best for a particular borrower. A 30-year term spreads repayment over more time; a 15-year term pays principal back sooner. For the same loan balance and otherwise similar terms, the shorter repayment horizon generally means a higher required monthly principal-and-interest payment and less time for interest to accrue. The actual payment depends on the loan amount and terms, and the survey does not calculate it for you.
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- SPEAKS YOUR LANGUAGE: Keys clearly labeled in residential mortgage finance terms like Loan AMT, Int, Term, PMT. This industry-standard calculator is super easy to use on all realty financing matters from finding a loan that works for your client to considering trust deeds investments, or finding remaining balances or balloon payments and much more
- CONFIDENTLY AND EASILY SOLVES: All your clients' financial questions whether they are buyers, sellers, investors or renters. Increase your perceived professionalism as a new agent, experienced broker or seasoned loan officer. Close more home sales and impress your clients with fast, accurate answers to all their real estate finance questions
- DEDICATED BUYER QUALIFYING KEYS: Enter client's income, debt and expenses to pre-qualify them to only show properties they can afford. Include tax, insurance and mortgage insurance then compare loan options and payment solutions to give your client choices before they make an offer to buy
- FIGURE OUT THE RIGHT LOAN: At the press of a button for jumbo, conventional, FHA/VA, or even 80:10:10 or 80:15:5 combo loans; check to see if ARMs or bi-weekly loans, quarterly payments or if interest-only payments are the answer; giving your client more choices; easily perform what if loan or tvm calculations Find loan amount, term, interest or PITI or PI payments
- BECOME AN INVALUABLE RESOURCE: Reduce your clients' confusion and uncertainty; ensuring they are able to make a purchase offer; knowing they can afford the down payment; and determining which is the right loan for them. Date-math for listings and contracts too. Comes with a protective slide cover, quick reference guide, pocket User's Guide, and long-life batteries
When you request lender offers, compare like with like:
- Use the same loan amount, down payment, property type, and loan term.
- Compare APR as well as the stated interest rate, and review lender fees and any discount points.
- Check how long each quoted rate is locked and what happens if the lock expires.
- Confirm whether the quote is for a purchase or refinance and whether it matches your credit and loan profile.
Why rates can move
In its January 8 release, Freddie Mac Chief Economist Sam Khater said: “In the first full week of the new year, mortgage rates remained within a narrow range, hovering close to the 6% mark.” He also said that improving momentum in for-sale residential demand accompanied solid economic growth and lower rates, with purchase applications up over 20% from a year earlier.
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- DEDICATED FUNCTION KEYS for Quick Financial Solutions: Clearly labeled function keys enable you to quickly and confidently provide financial answers and options for your clients, whether in the office, in the car or at an open house. Compare loan options and provide payment solutions to give your client choices
- INSTANT FINANCIAL PROBLEM SOLVING: Solve the financial questions your clients have whether they are buyers, investors or renters; increase your perceived professionalism and close more home sales by quickly answering real estate finance problems including remaining balances
- RESIDENTIAL REAL ESTATE FINANCE TERMS: Keys labeled in residential real estate finance terms like Loan AMT, Int, Term, PMT; Calculator is super easy to use to determine a mortgage loan that works for your client
- VERSATILE LOAN CALCULATION OPTIONS: Calculate 80:10:10 or 80:15:5 combo loans at the press of a button; check to see if ARMs or bi-weekly loans, quarterly payments or if interest-only payments are the answer; giving your client more choices
- COMES COMPLETE: Comes with a protective slide cover, quick reference guide, pocket user's guide, two long-life batteries, and 1-year warranty
The Associated Press reported on January 8 that mortgage rates are influenced by Federal Reserve policy and bond-market expectations for the economy and inflation, and generally follow the trajectory of the 10-year Treasury yield. That is useful context, not a complete explanation for any single weekly change: the two survey averages rose slightly from the prior week while remaining below their year-earlier readings.
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Rank #4
- SPEAKS YOUR LANGUAGE: Keys clearly labeled in residential mortgage finance terms like Loan Amt, Int, Term, Pmt; this industry-standard calculator is super easy to use on all realty financing matters from finding a loan that works for your client to considering trust deeds investments, or finding remaining balances or balloon payments and more
- CONFIDENTLY AND EASILY SOLVE: Clients' financial questions whether they're buyers, sellers, investors or renters. Increase your perceived professionalism as a new agent, experienced broker or seasoned loan officer. Close more home sales and impress your clients with fast, accurate answers to all their real estate finance questions from PITI Payments to IRR, NPV and Cashflows
- DEDICATED BUYER QUALIFYING KEYS: Enter client's income, debt and expenses to pre-qualify them to only show properties they can afford. Include tax, insurance and mortgage insurance then compare loan options and payment solutions to give your client choices before they make an offer to buy
- FIGURE OUT THE RIGHT LOAN: For your client at the press of a button for jumbo, conventional, FHA/VA, or even 80:10:10 or 80:15:5 combo loans; check to see if ARMs or bi-weekly loans, quarterly payments or if interest-only payments are the answer; giving your client more choices; easily perform what if loan or TVM calculations find loan amount, term, interest or PITI or PI payments
- BECOME AN INVALUABLE RESOURCE: To your clients by reducing their confusion and uncertainty; ensuring they are able to make a purchase offer; knowing they can afford the down payment; and determining which is the right loan for them. Date-math for listings and contracts too. Comes with a protective slide cover, quick reference guide, pocket user's guide, and long-life battery
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