Interest Guru

Weekly update

Mortgage rates, week of January 16, 2025

The 30-year fixed averaged 7.04%, up 0.11 points from last week.

Average mortgage rates, 52 weeks to 2025-01-16Weekly Freddie Mac averages. The 30-year fixed was 7.04% in the week of 2025-01-16.5.5%6.0%6.5%7.0%7.5%Jan 202530-year 7.04%15-year 6.27%
30-year fixed
7.04%
15-year fixed
6.27%
10-year Treasury
4.61%
Spread
2.43

The numbers behind the week

  • The 15-year fixed averaged 6.27%, up 0.13 points.
  • Between the two readings the 10-year Treasury yield fell 0.07 points and the gap between it and the mortgage rate widened 0.18 points. Together those make up the 0.11-point move.
  • Four weeks ago the 30-year average was 6.72%.
  • Over the past 52 weeks the 30-year average has ranged from 6.60% to 7.04%.
  • The spread over the 10-year Treasury is 2.43 points, against an average of 2.37 across the history on this site.
Change from the previous week
Change from January 9, 2025Points
10-year Treasury yield-0.07
Spread over the Treasury+0.18
30-year mortgage rate+0.11

Each mortgage average is compared with the most recent daily Treasury yield on or before its date, so the split is approximate. The Treasury spread page explains the gap.