Mortgage Rates Down for Week Ending January 19, 2023

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.

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