January 16, 2026 | Lowest Refinance Fixed Rate Holds at 4.75%

As of January 16, 2026, the 15-Year Fixed Refinance rate holds steady at 5.125%, unchanged over the past week but down 25 basis points from 30 days ago. This represents a modest easing in borrowing costs for those seeking shorter-term refinancing options. Meanwhile, the 30-Year Fixed Refinance rate has decreased by 12.5 basis points week-over-week to 5.625%, and is also down 25 basis points compared to a month prior, signaling improved affordability for longer-term refinancers.

These rate adjustments may benefit members aiming to reduce monthly payments or shorten loan durations without increased upfront costs, given the zero points on both products. Borrowers should evaluate fixed-rate options if they prioritize payment stability amid current market conditions. Consider refinancing if potential savings outweigh closing expenses to optimize long-term financial outcomes.

For details, visit https://aplusfcu.org/guidance/rates#home-loans:~:text=a%20new%20window-,Mortgage%20Refinance,-Rates%2C%20Annual%20Percentage.

As of January 16, 2026, 15-Year Fixed-Rate Conventional Refinance loans are offered at a competitive 5.375%, marking a decline of 12.5 basis points compared to one week ago. Similarly, the 30-Year Fixed-Rate Conventional Refinance rate decreased by 12.5 basis points to 5.875% over the same period. These reductions in yield spreads modestly lower the cost of borrowing for homeowners seeking to refinance, potentially improving monthly cash flow and long-term interest expenses. Members considering refinancing may benefit from locking in these rates, especially if prioritizing payment stability or aiming to shorten loan terms. Evaluating your mortgage strategy against current market movements can identify opportunities to reduce total interest paid over time. For details, visit https://www.affinityplus.org/rates/mortgage-rates.

As of January 16, 2026, 15-year Conforming Fixed Refinance rates have decreased to 4.99%, down by 13.5 basis points compared to last week. Similarly, the 30-year Conforming Fixed Refinance rate dropped to 5.625%, reflecting a more significant decline of 25 basis points over the same period. These reductions in yield spreads translate to lower cost of borrowing for members considering refinancing.

For homeowners aiming to reduce monthly payments or shorten loan terms, these declining fixed rates improve affordability and predictability. First-time buyers evaluating long-term stability may also find fixed-rate options advantageous amid fluctuating market conditions.

Members should analyze whether refinancing costs are offset by interest savings given these recent rate improvements. Consider fixed-rate loans if stability is a priority, and evaluate your mortgage strategy accordingly.

For details, visit https://www.alturacu.com/products/home-loans/refinancing/.

As of January 16, 2026, refinance fixed 15-year mortgages offer the lowest rate at 4.875%, marking a 12.5 basis points decrease from one week ago, stabilizing compared to rates 30 days prior. Conversely, the 30-year fixed refinance rate remains steady at 5.5%, unchanged over the past week but up by 12.5 basis points over 30 days. These shifts suggest a modest reduction in short-term borrowing costs for homeowners seeking to refinance with a shorter term, while longer-term refinancing costs have edged higher recently. Members prioritizing predictable payments may find value in locking a 15-year fixed rate now, benefiting from recent downward movement. For those considering extended terms, evaluating the impact of slight rate increases on overall yield spread is advisable. Assess refinancing feasibility carefully against closing costs and long-term savings potential to optimize mortgage strategy.

As of January 16, 2026, FIRST COMMUNITY reports stable mortgage rates for refinancing. The 15 Year Fixed Refinance remains at a competitive 4.75%, unchanged over the past week and month, reflecting steady yield spreads in short-term fixed options. This rate represents the lowest available option, beneficial for members prioritizing faster loan payoff and lower total interest.

The 30 Year Fixed Refinance holds steady at 5.625%, with no change from last week or last month, maintaining its position amid recent market fluctuations. For borrowers focused on longer-term affordability and consistent payments, this stability supports informed mortgage planning without unexpected cost increases.

Members considering refinancing should assess their financial goals carefully; those valuing payment predictability may favor these fixed-rate terms. Evaluate whether current rates offer sufficient savings relative to refinancing costs before proceeding.

For details, visit https://fccu.org/loans/home-loans/mortgage-refinances.

As of January 16, 2026, refinance rates for fixed second mortgages show notable increases. The 15-year fixed second mortgage rose to 7.125%, up 38.5 basis points from last week and nearly 188 basis points higher than a month ago. Similarly, the 30-year fixed second mortgage with 15-year balloon climbed to 7.375%, reflecting a significant weekly increase of 150 basis points and a 138 basis point rise over 30 days.

These yield spreads imply a higher cost of borrowing for members seeking refinance options, particularly impacting those prioritizing longer-term stability or managing cash flow with balloon payments. Members should carefully evaluate if refinancing offsets these rate increases through potential savings in monthly payments or loan terms.

Given the current market, consider fixed-rate refinance products if you value predictable payments despite elevated rates. For detailed information on your refinancing options, visit https://www.macu.com/loans/home-loans/refinance.

As of January 16, 2026, Navy Federal Credit Union's refinance mortgage rates for key products remain steady over the past week. The Conventional Fixed 15 Year refinance rate holds at 4.75% with 0.25 points, maintaining its position as the lowest rate option available. This represents a 25 basis point decline over the last 30 days, reducing the cost of borrowing for members seeking shorter-term fixed-rate refinancing. Meanwhile, the Homebuyers Choice 30 Year fixed refinance rate stays at 6.25% with 0.5 points, also down by 25 basis points from one month ago, offering a stable option for those prioritizing longer repayment terms.

Members evaluating refinancing should consider these sustained lower yields to potentially lower monthly payments or shorten loan duration. For borrowers valuing predictability, the fixed-rate options provide reliable yield spreads amid market fluctuations.

Consider reviewing your mortgage strategy in light of recent rate stability; refinancing may be beneficial if projected savings exceed associated costs. For details, visit https://www.navyfederal.org/loans-cards/mortgage/refinancing.html#:~:text=Refinance%20Rate%20Options,1.

On January 16, 2026, 15-year fixed refinance loans remain at a competitive 5.375%, unchanged from one week ago but down 12.5 basis points compared to 30 days prior. Meanwhile, the 30-year fixed refinance rate has decreased by 12.5 basis points over the past week to 6.125%, marking a total decline of 25 basis points in the last month. These downward shifts in rates reduce the cost of borrowing for members seeking to refinance, potentially lowering monthly payments or shortening loan terms. Borrowers prioritizing payment stability may find value in the 15-year fixed option, which offers the lowest rate available today. Given these trends, members should carefully evaluate their refinancing strategy, considering if current rate improvements justify associated closing costs and long-term savings. For details, visit https://www.rbfcu.org/home-loans-realty/mortgage-refinancing.

As of January 16, 2026, Conforming High-Cost Area Refinance rates show modest declines. The 15-year fixed refinance rate stands at 5.75%, down 12.5 basis points from last week and also 12.5 basis points lower than 30 days ago. This represents the lowest rate among today’s options, offering cost-efficient borrowing for members seeking shorter-term payoff with stable payments.

The 30-year fixed refinance rate is currently 6.00%, reflecting a decrease of 12.5 basis points over the past week and a more significant drop of 25 basis points compared to one month prior. This easing in rates may enhance affordability for members aiming to extend their loan term or reduce monthly obligations.

Members considering refinancing should evaluate whether locking in today’s rates aligns with their long-term financial goals. Those prioritizing payment stability might find the fixed-rate programs advantageous amid recent yield spread tightening.

For details, visit https://www.schoolsfirstfcu.org/rates/mortgage-refinance.

As of January 16, 2026, mortgage rates are mixed for 15-Year Fixed Rate Jumbo and 30-Year Fixed Rate Jumbo loans. The 15-Year Fixed Rate Jumbo decreased to 6.136%, down by 3 basis points from the previous day and down 25 basis points over the past month. In contrast, the 30-Year Fixed Rate Jumbo rose to 6.351%, up by 5 basis points from yesterday and unchanged over the past month. Borrowers should note that current rates reflect a stable borrowing environment; however, potential fluctuations in yields could impact future borrowing costs. It is advisable for borrowers to stay informed about these trends for optimal decision-making.

Current inflation expectations, as indicated by the Breakeven Inflation Rates, suggest a stable outlook with the 10-year rate at 2.290% and the 5-year rate at 2.360%. Meanwhile, mortgage rates are showing signs of slight decreases; the Mortgage 30Yr Average Rates fell by 0.10% over the past week to 6.060%, while the Mortgage 30Yr Fha Average Rates experienced a larger decline of 0.16% over the last month, settling at 5.920%, which is notably the lowest rate reported. These changes reflect shifting yield curve signals and can impact borrowing costs for consumers. Borrowers should consider these trends when evaluating their financing options as they may offer opportunities for more favorable loan terms in the near term.

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