January 2023

Mortgage rates have fallen quite a bit since hitting a long term peak in late October. By the middle of this week, the average 30yr fixed rate was more than 1.25% lower from the highs and at the best levels in more than 4 months. Rates have fallen due to improvement in the bond market, but bonds aren’t the only thing that impacts mortgage rates.
Source: Kevin Litwicki MBSLIVE
Rates May be Falling, But Other Mortgage Costs Are Going Up

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