Mortgage rates reach lowest level since September 2022

Mortgage rates continued to fall, reaching their lowest level since September 2022, according to the Freddie Mac Primary Mortgage Survey.
30-year fixed-rate mortgage averaged 6.15% for the week ending Jan. 19, down from last week when it averaged 6.33% and higher than 3.56% a year ago.
15-year fixed-rate mortgage averaged 5.28%, down from last week when it averaged 5.52% and higher from 2.79% a year ago.
Here is a look at the results of the survey:
"As inflation continues to moderate, mortgage rates declined again this week," Chief Economist Sam Khater said.
Mortgage applications rose with falling rates, according to the Mortgage Bankers Association.
"Declining rates are providing a much-needed boost to the housing market, but the supply of homes remains a persistent concern," Khater said.