Mortgage rates rose to highest level in 23 years in 2023 Mortgage rates rose to highest level in 23 years in 2023 03:28 A growing number of American expect mortgage rates to fall this year. According to a new survey from Fannie Mae, as of December some 31% of consumers think that borrowing costs for home loans will decline over the next 12 months, a more optimistic outlook than the previous month. The same percentage of respondents expect mortgage rates to rise, while 36% believe they'll hover around their current level. "Notably, homeowners and higher-income groups reported greater rate optimism than renters," Mark Palim, deputy…
