US Mortgage Rates Inch Higher in the Week Ending January 22
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Mortgage Rates Remain the Lowest in Three Years
Mortgage Rates Remain the Lowest in Three Years
On Thursday, Freddie Mac released its Primary Mortgage Market Survey for the week ending January 22.
The 30-year fixed-rate mortgage averaged 6.09%, up from 6.06% the previous week. A year ago at this time, the 30-year rate averaged 6.96%.
The 15-year fixed-rate mortgage averaged 5.44%, up from 5.38% last week. A year ago at this time, the 15-year rate averaged 6.16%.
Commenting on this week’s survey, Freddie Mac Chief Economist Sam Khater said:
“With the economy improving and the average 30-year fixed-rate mortgage nearly a percentage point lower than last year, more homebuyers are entering the market. Buyers always should shop around for the best rate, as multiple quotes can potentially save them thousands.”
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