‘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 Today: February 6, 2025 – Rates Remain Fairly Steady
Today, the mortgage interest rate on a 30-year fixed mortgage is 6.85%, according to the Mortgage Research Center, while the average rate on a 15-year mortgage is 5.86%. On a 30-year jumbo mortgage, the average rate is 7.
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.
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.
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,
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 ...
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 ...
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.
Business Insider9d
Understanding the Federal Reserve's Role in Mortgage Rates
the Federal Reserve decided to hold rates steady at its first meeting of 2025. This means that mortgage rates are likely to remain elevated in the near term. Because inflation has been ...
Yahoo Finance8d
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 ...
HousingWire10d
Mortgage rates decline slightly, but help from the Fed isn’t coming
Mortgage rates have been static in the first month ... Sam Williamson is among the market observers who say that the Federal Reserve will leave benchmark rates unchanged following its ...
Mortgage rates went down again. Here’s how that affects what you owe.
The average rate for a 15-year mortgage, popular with homeowners looking to refinance to a lower rate, also decreased.