Mortgage and refinance rates today, January 26, 2025: Rates could stay high this year

The average 30-year fixed interest rate has risen by two basis points to 6.74% .

The 15-year mortgage rate is up five basis points.

Economists don't expect mortgage rates to fall significantly in 2025 .

A 15 year mortgage comes with a lower interest rate than a 30 year mortgage.

Lately, some fixed rates have been starting lower than adjustable rates.

If you want a lower rate, try saving more, improving your credit score, or paying down some debt.

Mortgage rates aren't expected to drop drastically in the near future.

The average 30-year fixed mortgage rate is 6.74% right now.