Freddie Mac's results of its Primary Mortgage Market Survey® shows that "The 30-year fixed-rate mortgage increased modestly for the second straight week, but with the rate of inflation decelerating rates should gently decline over the course of 2023. Incoming data suggest the housing market has stabilized from a sales and house price perspective. The prospect of lower mortgage rates for the remainder of the year should be welcome news to borrowers who are looking to purchase a home."

• 30-year fixed-rate mortgage (FRM) averaged 6.43 percent for the week ending April 27, 2023, up from last month when it averaged 6.42 percent. A year ago, at this time, the 30-year FRM averaged 5.10 percent.

• 15-year FRM this week averaged 5.71 percent, up from last month when it averaged 5.68 percent. A year ago, at this time, the 15-year FRM averaged 4.40 percent.