Freddie Mac’s 30-year fixed-rate mortgage average was relatively unchanged and slightly lower than the MBA’s estimate, increasing slightly to 6.43%. While that is still high compared to was borrowers saw a year ago at this time, Freddie Mac’s analysts are bullish about the coming months for borrowers, saying “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.”