The average for a 30-year, fixed loan was 6.39%, up from 6.27% last week.
Buyers pulled back from the market toward the end of 2022 as mortgage rates skyrocketed.
His administration wants to increase homeownership access for first-time and low-income buyers.
Last year's run-up in mortgage rates cast a chill on the housing market.
Big money spent a fortune snapping up homes. Now, regular folk are outsmarting the pros.
The housing market has started to show signs of increased buyer interest in recent weeks.
Pending sales climbed 2.9% in December on a seasonally adjusted basis.
A key cost tracked by the Federal Reserve could be easing up.
Inventory is staying tight, preventing values from falling faster.
Still-elevated home prices are combining with rising interest rates to create an affordability crunch.
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