NMLS # 408873

Freddie Mac - Mortgage Rates Trend Lower

Freddie Mac - Mortgage Rates Trend Lower

Mortgage Rates Trending Lower

April 6, 2023

Mortgage rates continue to trend down entering the traditional spring homebuying season. Unfortunately, those in the market to buy are facing a number of challenges, not the least of which is the low inventory of homes for sale, especially for aspiring first-time homebuyers.

History of the Freddie Mac 30 YR Fixed Rate Mortgage Survey

October 21, 1981 18.39%  (All Time High)

December 24, 2020 2.66% (All Time Low)

January 5th, 2023  6.48% (1st report of 2023)

February 2nd, 2023 the survey said 6.09% (Lowest of 2023) Right before the Jobs report unexpectedly showed 517,000 new jobs were created in January of 2023. Then rates started trending higher.

March 9th, 2023 the survey said 6.73% on a 0 yr FRM (Highest of 2023)


For more information: 

John Marbury - 205-266-5669 john.marbury@colonybank.cm  NMLS# 740833

George Kontos - 205-876-7484 george.kontos@colonybank.com NMLS# 242754

For updates, mortgage calculators and online application go to: https://www.johnmarbury.com/

NMLS # 408873

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.


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