Freddie Mac Survey Says: 6.09% Down from the high in October of 7.08%

Freddie Mac Survey Says: 6.09% Down from the high in October of 7.08%

Mortgage Rates Continue to Shift Down

February 2, 2023

Mortgage rates inched down again, with the 30-year fixed-rate down nearly a full point from November, when it peaked at just over seven percent. According to Freddie Mac research, this one percentage point reduction in rates can allow as many as three million more mortgage-ready consumers to qualify and afford a $400,000 loan, which is the median home price.

Freddie Mac Rate Survey Website

10 year treasury is currently 3.398%.  The spread between the 10 year and 30-Yr FRM is 2.692% (6.09-3.398)  Historically the spread is usually 1.75% to 2%.

Opinions, estimates, forecasts, and other views contained in this document are those of Freddie Mac’s economists and other researchers, do not necessarily represent the views of Freddie Mac or its management, and should not be construed as indicating Freddie Mac’s business prospects or expected results. Although the authors attempt to provide reliable, useful information, they do not guarantee that the information or other content in this document is accurate, current or suitable for any particular purpose. All content is subject to change without notice. All content is provided on an “as is” basis, with no warranties of any kind whatsoever. Information from this document may be used with proper attribution. Alteration of this document or its content is strictly prohibited. ©2023 by Freddie Mac.

Let me know if you have any questions or if I can help in any way by replying to this email or calling my cell phone 205-266-5669.





John  -


John Marbury

Mortgage Banker

Residential Lending

Cell 205-266-5669 

2100 Southbridge Parkway, Suite 650

Birmingham AL 35209

NMLS# 740833


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