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6.13%: Mortgage Rates Fall Again

  • January 26th 2023

by UrbanTurf Staff

Mortgage rate chart_01-26-23.png

Long-term mortgage rates continued dropping this week. 

Freddie Mac reported 6.13% as the average on a 30-year mortgage, down two basis points from last week. Rates have now fallen for four weeks in a row. 

“Mortgage rates continue to tick down and, as a result, home purchase demand is thawing from the months-long freeze that gripped the housing market,” said Sam Khater, Freddie Mac’s Chief Economist. “Potential homebuyers remain sensitive to changes in mortgage rates, but ample demand remains, fueled by first-time homebuyers.”

The UrbanTurf Mortgage Rate Disclaimer: The rates reported by Freddie Mac for 30-year mortgages are usually the best rates that the most qualified borrowers can get, so borrowers or those considering refinancing should not necessarily read this news and think that they can go out and get a loan with the quoted interest rate.

See other articles related to: interest rates, mortgage rates

This article originally published at https://dc.urbanturf.com/articles/blog/613_mortgage_rates_fall_again/20549.

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