Realty World - Sierra PropertiesLicense #: 00319644

Realty World - Sierra PropertiesLicense #: 00319644

Mortgage Rates Increase Slightly

Following an interest rate hike from the Federal Reserve and a surprisingly strong jobs report, mortgage rates increased slightly this week. The 30-year fixed-rate continues to hover close to six percent, and interested homebuyers are easing their way back to the market just in time for the spring home buying season.

Primary Mortgage Market Survey®
U.S. weekly averages as of 02/09/2023

30-Yr Fixed Rate Mortgage: 6.12% 1-Yr change 2.43%

15-Yr Fixed Rate Mortgage 5.25% 1-Yr change 2.32%

Source: Freddie Mac

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