Following the Federal Reserve’s policy meeting on January 28, 2026, mortgage rates have experienced a slight shift, with the average 30-year fixed rate settling at around 6.1%. While this rate is still relatively high compared to the record-low levels seen during the pandemic, it remains near a multi-year low. This development continues to shape buyer behavior, with many looking to take advantage of the relatively stable rates while they last.
According to recent data from Freddie Mac, the 15-year fixed mortgage rate also saw a modest increase. Real estate agents across the country have been responding by adjusting their strategies to guide clients through the current market dynamics. Many agents are emphasizing the importance of locking in favorable mortgage terms while rates remain stable, given the potential for modest rate declines later in the year. This advice is especially relevant for buyers who are looking to secure long-term affordability in their homeownership plans.
Agents are also encouraging prospective buyers to assess the broader financial picture, taking into account the long-term stability of their mortgage payments in light of potential rate fluctuations. The general sentiment in the market is one of cautious optimism, as buyers and agents alike adjust their expectations based on the current economic landscape. The Federal Reserve’s stance on interest rates, coupled with modest expected rate declines later in 2026, suggests a somewhat favorable environment for buyers looking to secure financing in the coming months.
As the year progresses, industry experts predict that mortgage rates could ease slightly, providing some relief to homebuyers. However, with the broader economic outlook remaining uncertain, agents are advising their clients to act strategically, making the most of the current window before any significant shifts in rate trends occur.
