Nick, & Cindy Davis

30-year Mortgages Hit Lowest Point

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U.S. long-term mortgage rates fell this past week for the third straight week, as the benchmark 30-year loan marked its lowest point in 36 months.

Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year fixed-rate mortgage declined to 3.45% from 3.51% last week. The key rate stood at 4.41% a year ago.

 

30-year Mortgages Hit Lowest Point in 3 Years

30-year Mortgages Hit Lowest Point in 3 Years

 

The average rate on a 15-year mortgage eased to 2.97% from 3% last week.

The historically low rates are actually an advantage for potential home-buyers. A positive outlook originates from signs of strength in the U.S. economy recently and expectations that the global economy could begin to expand faster after being held back by trade conflicts.

Federal Reserve policymakers continued to hold home interest rates low at their latest meeting last week. However the Fed chair warned that the viral outbreak in China poses a new threat to the strengthening global economy.

Freddie Mac surveys lenders nationwide between Monday and Wednesday each week to compile its mortgage rate figures. The average doesn’t include extra fees, referred to as points, which most borrowers must pay to obtain the lowest rates.

The average fee on 30-year fixed-rate mortgages was unchanged from last week at 0.7 point. The average fee for the 15-year mortgage also remained at 0.7 point.

The average rate for a five-year adjustable-rate mortgage rose to 3.32% from 3.24% last week. The fee slipped to 0.2 point from 0.3 point.

Ready to find your new home here in the Tampa Bay and Surrounding Areas? Nick, Cindy & Nicholas Davis with RE/MAX Premier Group are here to assist you with all your Real Estate Needs. We are always available at 813-300-7116 to answer your questions or you can simply click here and we will be in touch with you shortly.

Need to get started with your mortgage process? You can contact Kyle Edwards with Iberia Bank at 813-495-5131, or simply click here to start your online application.

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(all data current as of 1/4/2026)

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