Will the mortgage rates go down, go up, or remain the same in 2023? Every potential homebuyer probably wants to know the answer to this question. Current Mortgage Rates The latest primary mortgage market survey (PMMS), released by Freddie Mac, showed that mortgage rates went up and 30 Year Fixed mortgage rates averaged 6.12%. The 15 Year Fixed mortgage rates averaged 5.25%. Note that these rates are for conforming mortgages with loan amount limits of $726,200. High Balance loans (loan amounts higher than base conforming limits) typically have higher interest rates. What is…
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