Mortgage Interest Rates Forecast
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Mortgage rates this week
Mortgage rates dropped in the week ending Jan. 23 on better-than-expected inflation news.
The 30-year fixed-rate mortgage averaged 6.94% APR, down 12 basis points from the previous week's average, according to rates provided to NerdWallet by Zillow. A basis point is one one-hundredth of a percentage point.
The 15-year fixed-rate mortgage averaged 6.08% APR, down 18 basis points from the previous week's average.
The 5-year adjustable-rate mortgage averaged 7.29% APR, down 12 basis points from the previous week's average.
Mortgage interest rates fell after the market digested the data from the December consumer price index. It showed that core prices — all items except food and energy — rose more slowly than investors had forecasted.
Mortgage loans from our partners
on New American Funding
on New American Funding
on GO Mortgage
GO Mortgage
4.0
NerdWallet rating4.0
NerdWallet ratingon GO Mortgage
Mortgage loans from our partners
on New American Funding
on New American Funding
on GO Mortgage
GO Mortgage
4.0
NerdWallet rating4.0
NerdWallet ratingon GO Mortgage
on Veterans United