Mortgage Rates Down for Week Ending January 19, 2023

This week’s mortgage rates continue trending lower, reaching their lowest point since mid-September.

The 30-year fixed-rate mortgage decreased by 0.18 percentage points and is now averaging 6.15%, according to Freddie Mac. It is the second week in a row that the 30-year rate has moved lower. Borrowers looking into a 15-year fixed-rate loan will find rates averaging 5.28%, down by 0.24 percentage points.