Slight Increase in Mortgage Rates 02/09/2023
Interest rate financial and mortgage rates concept. Hand flip wood cube change arrow down to up
“Following an interest rate hike from the Federal Reserve and a surprisingly strong jobs report, mortgage rates increased slightly this week,” said Sam Khater, Freddie Mac’s Chief Economist. “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 homebuying season.”
News Facts
- The 30-year fixed-rate mortgage averaged 6.12 percent as of February 9, 2023, up from last week when it averaged 6.09 percent. A year ago at this time, the 30-year FRM averaged 3.69 percent.
- The 15-year fixed-rate mortgage averaged 5.25 percent, up from last week when it averaged 5.14 percent. A year ago at this time, the 15-year FRM averaged 2.93 percent.
