Mortgage Rates Drop to Lowest Point in 4 Months

U.S. News & World Report, Jan. 23, 2023–Erika Giovanetti
Mortgage rates declined across the board this week, with the average fixed rate on a 30-year mortgage falling to 6.46%. This is the lowest the 30-year rate has been since September 2022, and it’s nearly a full point lower than the 7.33% peak seen last November. What’s more, rates are expected to continue falling as inflation moderates in the coming months.