Basis points

• Mortgage and refinance interest rates today, January 16, 2026: Annual rates plummet by 98 basis points - These are today's mortgage and refinance interest rates. The 30-year rate has dropped by almost a full percentage point over the last year. Lock in your rate today.
• When will mortgage rates go down? The federal funds rate has decreased, but mortgage rates have increased. - Mortgage rates are up this week. The Fed cut its rate in December, so will rates drop before the end of the year? Learn more about when mortgage rates will go down.
• When will mortgage rates go down significantly? This week’s decreases are relatively small. - Mortgage rates have decreased since this time last year, but in the short term, rates have remained stagnant. Learn more about when mortgage rates will go down.