Freddie Mac's results of its Primary Mortgage Market Survey® shows that "Mortgage rates continued to slide down as financial market concerns came to the fore over the last two weeks. However, on the homebuyer front, the news is more positive with improved purchase demand and stabilizing home prices. If mortgage rates continue to slide over the next few weeks, look for a continued rebound during the first weeks of the spring homebuying season."

• 30-year fixed-rate mortgage (FRM) averaged 6.42 percent for the week ending February 23, 2023, up from last month when it averaged 6.5 percent. A year ago, at this time, the 30-year FRM averaged 4.42 percent.

• 15-year FRM this week averaged 5.68 percent, up from last month when it averaged 5.76 percent. A year ago, at this time, the 15-year FRM averaged 3.63 percent.