Mortgage Interest Rates Down 6 Straight Weeks

Author: Rich Barnhart

Author: Rich Barnhart

30-Year Fixed Rates Continue Downward Trend

As we head into the holidays there is welcome relief from the mortgage markets with 30-year fixed rate mortgages averaging just 6.27%. This is the 6th straight week the 30-year rate has dropped since peaking just above 7% in November. With housing inventory on the rise throughout South Florida and the busy winter season almost here, lower interest rates should help those buyers who are struggling with housing affordability.

Mortgage Interest Rates December 2022
Freddie Mac Primary Mortgage Market Survey – December 22, 2022
Blog Author:

Rich Barnhart

Rich is the broker and owner of By The Sea Realty and a frequent contributor to the company's real estate blog.

What Is Your Property Worth?

Get your free Comparative Market Analysis (CMA) prepared by a local specialist.