Mortgage rates continue downward trend

Strategic Wealth Partners CEO Mark Tepper discusses the weak U.S. housing market and predicts a massive spike in unemployment by the end of 2023.

The 15-year fixed-rate mortgage averaged 5.17%, down from last week when it averaged 5.28%. A year ago at this time, the 15-year FRM averaged 2.80%. Sign announcing a pending sale is shown in front of a house, Monday, Jan. 23, 2023, in Brooklyn Park, Minn. On Thursday, Freddie Mac reports on this week's average U.S. mortgage rates.

But home prices aren’t.

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