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【World Property Journal】U.S. Mortgage Rates Uptick Again in Early 2023

【World Property Journal】U.S. Mortgage Rates Uptick Again in Early 2023

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According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.48 percent in the first week of 2023.

"Mortgage application activity sunk to a quarter century low this week as high mortgage rates continue to weaken the housing market," said Sam Khater, Freddie Mac's Chief Economist. "While mortgage market activity has significantly shrunk over the last year, inflationary pressures are easing and should lead to lower mortgage rates in 2023."

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