Data: Freddie Mac; Chart: Axios Visuals
The average 30-year fixed mortgage rate fell for the fourth straight week, to 6.33%, according to Freddie Mac. It's a big retreat since rates went over 7% during early November.
Why it matters: The long stretch of declines is a sign that inflation worries are easing, as the Federal Reserve is expected to start slowing its aggressive rate-hiking campaign.