Mortgage Rates Decline Slightly But Remain Near 23-Year High
- Mortgage rates rose to highest level in 23 years in 2023
- 31% of consumers think mortgage rates will decline in next 12 months
- Rate on 30-year fixed mortgage is 6.62%, down from nearly 8% in November
- Most experts think rates will remain around 6% this year
- Higher rate optimism could encourage more sellers to list homes, increasing supply