‘Mortgage rates will pull back:’ 4 pros predict where mortgage rates will go in February 2025
For his part, Lewis says mortgage rates are poised to drop in February, after climbing above 7% in January. “The direction of consumer prices will have the strongest effect on mortgage rates in February. The core inflation rate should decline further, giving bond yields and mortgage rates room to fall, but not by a lot,” says Lewis.
Mortgage Rates Remain Near 6-Week Low for a Fourth Day
Rates on 30-year mortgages ticked up a minimal 1 basis point for a third consecutive day Tuesday, after a large drop last week. The flagship average now sits at 6.86%, just barely above the cheapest reading since before Christmas. Rates moved modestly higher for most other mortgage types as well.
Mortgage Rate Predictions for Week of Feb. 3-9, 2025
Mortgage rates fluctuate daily, so a little volatility can always be expected. On Monday, the average rate on a 30-year fixed mortgage was around 6.96%, according to Bankrate data, which is 0.15% lower than January's peak of 7.11%. But February could see more turbulence than usual.
Average US rate on a 30-year mortgage falls to 6.89%, third straight weekly decline
The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a smidgen of relief for prospective home shoppers getting into the market before the busy spring homebuying season starts.
Today’s Mortgage Refinance Rates: February 6, 2025 – Rates Drop
The rate on a 30-year fixed refinance decreased to 6.93% today, according to the Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.84%. For 20-year mortgage refinances,
30-Year Mortgage Rates Sink to New 7-Week Low
Rates on new 30-year mortgages saw a notable drop Wednesday—lowering the flagship average to its cheapest level since before Christmas. Several other averages also dipped.
Current 15-Year Mortgage Rates
According to the latest data from Freddie Mac’s Primary Mortgage Market Survey, the average 15-year fixed mortgage rate is ...
Understanding the Federal Reserve's Role in Mortgage Rates
Learn how Fed meetings affect mortgage rates and what it means for borrowers. Discover trends, impacts, and expert ...
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Current Mortgage Rates: January 30, 2025
Freddie Mac’s average rate on a 30-year fixed-rate loan was 6.95% for the week ending January 30, virtually unchanged from a ...
Why are mortgage rates still so high? There’s something more important than Fed policy at work
The federal funds rate and mortgage interest rates are often expected to move together, but they haven’t lately. Here’s why.
Today's Mortgage Rates | Rates Down For Now, But Uncertainty Looms
These are today's mortgage and refinance rates. Mortgage rates have been trending lower, but where they go next depends on inflation.
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How the Federal Reserve rate decision affects mortgage rates
The Federal Reserve sets the federal funds rate. That rate influences the yield on the 10-year Treasury note, which serves as the index for most mortgage rates in the U.S. As the fed ...
BofA to buy $9 bln residential mortgage loan from Canada's TD, source says
Bank of America has agreed to buy a $9 billion portfolio of residential mortgage loans from Canadian lender Toronto-Dominion ...