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Check out the mortgage rates for Jan. 6, 2023, which are mixed from yesterday. (Credible)
Based on data compiled by Credible, mortgage rates for home purchases have risen for two key terms and remained unchanged for two other terms since yesterday.
Rates last updated on Jan. 6, 2023. These rates are based on the assumptions shown here. Actual rates may vary. Credible, a personal finance marketplace, has 5,000+ Trustpilot reviews with an average star rating of 4.7 (out of a possible 5.0).
What this means: Rates for a 30-year mortgage climbed to 7% today, and 20-year rates also edged up. Meanwhile, rates for 10- and 15-year terms held steady. Borrowers who can manage a higher monthly payment stand to see greater interest savings with a 15-year term, which are currently the lowest available at 6.5%. Comparing rates from multiple lenders can help buyers find the best possible deal for their unique financial situation.
To find great mortgage rates, start by using Credible’s secured website, which can show you current mortgage rates from multiple lenders without affecting your credit score. You can also use Credible’s mortgage calculator to estimate your monthly mortgage…
