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Mortgage Interest Rates Update for January 4, 2023

Mortgage rates continue to rise as signs of inflation easing up.

Hello and welcome to today’s mortgage rate update for January 3, 2023.

I’m sorry to report that rates are trending upward this week.

This marks the third consecutive week of rate increases, so it’s a good idea to act fast if you’re considering purchasing a home or refinancing.

Let’s take a look at today’s mortgage interest rates
Today’s average 30-year fixed mortgage rate is 6.63%
Today’s 20-year fixed mortgage rate is 6.29%
Today’s 15-year fixed mortgage rate is 5.99%
10-year mortgage rate: 5.93%
5/1 ARM rate: 5.50%

Thank you for tuning in and be sure to check back next week for the latest mortgage rate updates.