MORTGAGE

Mortgage rates as of January 18, 2023 are listed below

By Ajay Pandit

Jan 18, 2023

Iage Credit - Google.com

A 30-year fixed mortgage currently has an average rate of 6.56%, down from 6.65% a week ago.

Iage Credit - Google.com

The average rate on a 15-year fixed mortgage is 5.80%, down 0.11% from the previous week, 

Iage Credit - Google.com

for borrowers who want a shorter  loan term.

Iage Credit - Google.com

Compare your current mortgage rate to current refinance rates if you wish to refinance in order to lock in a  lower rate.

Iage Credit - Google.com

On a 30-year fixed-rate mortgage, borrowers paid an average interest rate of 6.56%. 

Iage Credit - Google.com

This was lower than the rate of 6.65% from the previous week.

Iage Credit - Google.com

A 30-year fixed-rate mortgage now has an average annual percentage rate (APR) of 6.57%. 

Iage Credit - Google.com

The APR was 6.66% last week; this is less than that. 

Iage Credit - Google.com

For a more full view of loan expenses, the APR includes both mortgage interest and lender fees.