Posted 12/28/2023, 7:32:00 PM
Mortgage Rates Continue 9-Week Slide to 6.61%, Sparking Home Buyer Hopes for 2023
- Mortgage rates fell for the 9th straight week to 6.61% amid signs of potential Fed rate cuts
- Rates dipped below 7% in December for the first time since August
- Rates are still above last year's average of 6.42%, but the downward trend is welcomed
- 2023 was the least affordable year for buying a home on record per Redfin
- Factors like lower rates, slowing home price growth, and more listings may spur more 2023 home buying
