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6.32%: Mortgage Rates Jump Up

  • February 16th 2023

by UrbanTurf Staff

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Mortgage rate chart_02-16-23.png

Long-term mortgage rates rose again this week. 

Freddie Mac reported 6.32% as the average on a 30-year mortgage, up 20 basis points from last week.

“The economy is showing signs of resilience, mainly due to consumer spending, and rates are increasing," said Sam Khater, Freddie Mac’s Chief Economist. "Overall housing costs are also increasing and therefore impacting inflation, which continues to persist.”

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/632_mortgage_rates_jump_up/20643.

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