Freddie Mac's results of its Primary Mortgage Market Survey® shows that "The 30-year fixed-rate has remained within a very narrow range over the last month, settling in at 6.69% this week. Given this stabilization in rates, potential homebuyers with affordability concerns have jumped off the fence back into the market. Despite persistent inventory challenges, we anticipate a busier spring homebuying season than 2023, with home prices continuing to increase at a steady pace."

• 30-year fixed-rate mortgage (FRM) averaged 6.69 percent for the week ending January 25, 2024, up from last month when it averaged 6.67 percent. A year ago, at this time, the 30-year FRM averaged 6.13 percent.

• 15-year FRM this week averaged 5.17 percent, up from last month when it averaged 5.95 percent. A year ago, at this time, the 15-year FRM averaged 5.69 percent.