| Mortgage rates hit their lowest level in one year – Every Thursday, Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of January 15, 2026 were as follows: The 30-year fixed mortgage rate was 6.06%, down from 6.16% last week. The 15-year fixed was 5.38%, down from 5.46% last week.
The graph below shows the trajectory of mortgage rates over the past year.
Consumer prices show inflation levels remained unchanged in December- The December Consumer Price Index (CPI) was released this week. It showed that consumer prices rose 2.7% from one year ago in December. This was slightly higher than analysts expectations of a 2.6% annual increase. Core CPI, which excludes volatile goods like food and energy rose 2.6% on an annualized basis. This was below the 2.7% increase experts forecasted The graph below shows the CPI rate since 2021
The Dow Jones Industrial Average closed the week at 49,359.33, down 0.3%from 49,504.07 last week. It is already up 2.7% from 48,063.29 on December 31, 2025. The S&P 500 closed the week at 6,940.01, down 0.4% from 6,966.28 last week. The S&P is up 1.4% from 6,845.50 on December 31, 2025. The Nasdaq closed the week at 23,515.39, down 0.2% from 23,702.88 last week. It is up 1.2% from 23,241.99 on December 31, 2024. The 10-year treasury bond closed the week yielding 4.24% up from 4.18% last week. The 30-year treasury bond yield ended the week at 4.83%, almost unchanged from 4.82% last week. We watch bond yields because mortgage rates follow bond yields. California existing-home sales – The California Association of Realtors reported that existing-home sales totaled 288,200 on an annualized basis in December, up 2% from a revised 282,490 last December. The statewide median price paid for a home in was $850,680 in December, down 0.4% from $855,680 in November. The statewide median price peaked at $910,160 in April before falling steadily each month to end the year down 7% from its peak. Year-over-year the median price dropped 1.3% from $861,020 on December 31, 2024. California existing-home sales – The California Association of Realtors reported that existing-home sales totaled 288,200 on an annualized basis in December, up 2% from a revised 282,490 last December. The statewide median price paid for a home in was $850,680 in December, down 0.4% from $855,680 in November. The statewide median price peaked at $910,160 in April before falling steadily each month to end the year down 7% from its peak. Year-over-year the median price dropped 1.3% from $861,020 on December 31, 2024.
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