Auto loans can be a huge expense — the average American with a new car paid $748 per month, while the owner of a used car paid $532 per month in the third quarter of 2025, according to Experian. Alongside rising auto insurance premiums, the costs of owning a car have ballooned.

The rate on a 30-year fixed refinance rose to 6.22% today, according to the Mortgage Research Center. The average rate on a 15-year mortgage refinance is 5.32%. On a 20-year mortgage refinance, the average rate is 6.

The average 30-year fixed mortgage rate fell to 6.06 percent this week, down from 6.16 percent last week and the lowest level since September 2022, according to Freddie Mac. A year ago, the 30-year fixed rate averaged 7.04 percent.

Mortgage rates dropped markedly at the end of last week, causing a huge jump in demand to refinance and a smaller surge in demand from homebuyers.

MCLEAN, Va. -- The average long-term U.S. mortgage rate is now down to its lowest level in more than three years. The benchmark 30-year fixed rate mortgage rate eased to 6.06% this week, down from 6.16% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 7.04%.

While President Trump’s recent order could persuade lenders to issue more mortgages at lower interest rates, the effects could be small and short-lived.

Mortgage application activity rebounded sharply last week as falling interest rates reignited refinance demand and kept homebuyers active, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 9,

Your location, loan amount and chosen lender can impact your refinancing costs Written By Written by Loans Deputy Editor, Buy Side Jessica Ullrich is Deputy Editor at Buy Side, covering lenders and loans. Edited By Written by Staff Loans Editor, WSJ | Buy ...