January 23, 2026 | Lowest Fixed Refinance Rate Holds at 4.625%

On January 23, 2026, refinance rates for Conventional fixed-rate mortgages remain steady. The 15-year fixed-rate refinance holds at 5.375%, unchanged from last week but down 12.5 basis points compared to 30 days ago. Similarly, the 30-year fixed-rate refinance stands at 5.875%, also flat week-over-week and decreased by 12.5 basis points month-over-month. These stable yields indicate modest easing in borrowing costs over the past month, benefiting homeowners seeking to lower monthly payments or shorten loan terms.

For members prioritizing predictability, the fixed-rate options offer consistent financing costs with no recent upward pressure. Those considering refinancing should evaluate whether current spreads provide sufficient savings to offset closing costs. In particular, borrowers aiming to reduce interest expense over time may find the 15-year fixed refinance at 5.375% advantageous due to its lower rate.

Consider assessing your mortgage strategy based on these trends and your financial goals. For details, visit https://www.affinityplus.org/rates/mortgage-rates.

On January 23, 2026, 15-year fixed refinance loans are offered at a rate of 5.625%, marking a 12.5 basis point increase from last week and holding steady compared to 30 days ago. This slight uptick raises the cost of borrowing modestly for borrowers seeking shorter-term stability. Meanwhile, 30-year fixed refinance loans stand at 6.125%, also up by 12.5 basis points week-over-week but down by 12.5 basis points compared to one month prior, reflecting some recent easing in long-term yield spreads.

For members refinancing, these movements suggest a careful evaluation of loan terms is prudent; those valuing predictability might prioritize fixed-rate options despite small rate increases. Given the current spread trends, considering refinancing if potential savings exceed closing costs could be advantageous.

For details, visit https://www.connexuscu.org/loans/mortgage-refinance.

As of January 23, 2026, 15-Year Fixed Refinance rates have declined to 4.625%, down 12.5 basis points from one week ago and also from 30 days prior, reflecting a modest easing in borrowing costs for shorter-term fixed loans. Similarly, the 30-Year Fixed Refinance rate decreased by 12.5 basis points over the past week to 5.5%, marking a notable reduction in long-term fixed mortgage yields compared to last month’s levels.

These downward shifts in fixed refinance rates can enhance affordability for existing homeowners seeking to lower monthly payments or reduce interest expenses over time. Borrowers prioritizing rate stability may find the current environment conducive to refinancing decisions, especially where savings exceed transaction costs.

Members should consider their individual financial goals and evaluate fixed-rate options carefully to optimize long-term cost efficiency.

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

As of January 23, 2026, 30-year fixed refinance rates remain steady at 4.99%, showing no change over the past 7 and 30 days. This stability in long-term borrowing costs can benefit homeowners seeking predictable payments without exposure to rate volatility. Meanwhile, the 15-year fixed refinance rate holds at 5.00%, also unchanged week-over-week and month-over-month, offering a lower overall yield spread for members prioritizing faster loan payoff and interest savings.

For members considering refinancing, these consistent rates suggest an opportunity to evaluate mortgage strategies based on personal timelines and cost structures. Fixed-rate options continue to provide financial clarity in a stable interest environment. Given the absence of recent rate fluctuations, those aiming to reduce total interest costs or shorten loan terms may find fixed refinance products advantageous.

Consider refinancing if projected savings outweigh associated expenses. For details, visit https://www.langleyfcu.org/mortgage-refinance.

As of January 23, 2026, NAVY FEDERAL CREDIT UNION reports stable mortgage rates for refinance loans. The Conventional 15-Year Fixed Refinance remains at a competitive 4.75% with 0.25 points, unchanged from one week ago but down 25 basis points over the past 30 days, reducing long-term borrowing costs for members aiming to shorten their loan term. Meanwhile, the Homebuyers Choice 30-Year Fixed Refinance holds steady at 6.375% with 0.5 points, showing no change in the last seven days and a modest decline of 12.5 basis points since one month ago; this rate offers consistent yield spreads for those prioritizing manageable monthly payments over an extended term.

Members considering refinancing should evaluate these fixed-rate options to balance rate stability against loan duration, especially if current savings surpass associated refinancing costs. For details, visit https://www.navyfederal.org/loans-cards/mortgage/refinancing.html#:~:text=Refinance%20Rate%20Options,1.

As of January 23, 2026, 15-year fixed refinance loans remain at a competitive 5.375%, holding steady over the past week but down 12.5 basis points compared to 30 days ago. Meanwhile, the 30-year fixed refinance rate stays at 6.125%, unchanged in the last seven days and reduced by 25 basis points month-over-month. These shifts indicate modest easing in borrowing costs for refinancers seeking stability through fixed terms. Members prioritizing predictable payments may find the 15-year fixed option at 5.375% particularly advantageous for reducing interest expenses over time. Conversely, those requiring longer terms can evaluate the slightly higher but lower-than-last-month 30-year fixed rate to balance monthly affordability and total interest paid. Given current yield spreads, members should analyze their refinancing goals carefully; consider fixed-rate loans if payment certainty is paramount or assess whether refinancing costs justify potential savings.

For details, visit https://www.rbfcu.org/home-loans-realty/mortgage-refinancing.

As of January 23, 2026, TROPICAL FINANCIAL reports a modest increase in refinance mortgage rates. The 15-year fixed refinance rate rose by 12.5 basis points to 5.00%, maintaining its position as the lowest rate option available today. The 30-year fixed refinance rate saw a larger uptick of 25 basis points, now at 6.00%, reflecting a higher cost of borrowing over extended terms.

For members refinancing their homes, these shifts suggest slightly higher monthly payments, particularly for longer-term loans. Borrowers prioritizing stability might consider locking in the 15-year fixed rate, which remains comparatively favorable despite the recent increase. Evaluating current equity and loan-to-value ratios will be essential when assessing potential savings against refinancing costs.

Given this data, members should carefully analyze their mortgage strategies and consider refinancing if projected savings exceed associated fees.

For details, visit https://www.tropicalfcu.com/compare-florida-mortgage-home-refinance-rates.

As of January 23, 2026, mortgage rates show a mixed trend. The 15-Year Fixed Rate Jumbo stands at 6.194%, reflecting a slight increase of 1 basis point from yesterday but a decline of 12 basis points over the past 30 days. In contrast, the 30-Year Fixed Rate Jumbo has risen to 6.312%, up by 3 basis points from the previous day; however, it has decreased by 7 basis points in the last two months. Borrowers should consider these fluctuations as they impact overall borrowing costs and may influence decisions on refinancing or purchasing new homes. Monitoring these rates will be essential for informed financial planning.

As of January 23, 2026, inflation expectations remain relatively stable with the Breakeven Inflation Rate 10Yr at 2.310% and the 5Yr rate at 2.420%. These rates influence mortgage rates, as they reflect anticipated inflation and can indicate future borrowing costs. The Mortgage 30Yr Average Rate is currently at 6.090%, unchanged from yesterday but down 0.09% over the past month. Notably, the largest shift in rates occurred in the last week for the Mortgage 30Yr Usda Average Rates, which decreased by 0.07%. Borrowers may find opportunities in these fluctuations, particularly given the current lowest rate of 5.440% for the 15Yr Average Rates. Monitoring these changes can guide informed borrowing decisions.

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