Freddie Mac's results of its Primary Mortgage Market Survey® shows that "Mortgage rates continue to tick down and, as a result, home purchase demand is thawing from the months-long freeze that gripped the housing market. Potential homebuyers remain sensitive to changes in mortgage rates, but ample demand remains, fueled by first-time homebuyers."

• 30-year fixed-rate mortgage (FRM) averaged 6.13 percent for the week ending January 26, 2023, down from last month when it averaged 6.47 percent. A year ago, at this time, the 30-year FRM averaged 3.55 percent.

• 15-year FRM this week averaged 5.17 percent, down from last month when it averaged 5.83 percent. A year ago, at this time, the 15-year FRM averaged 2.80 percent.