‘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 Saw a Notable Drop Last Week. Here's How Much You Could Save.
Rates on 15-year new purchase loans fell even more significantly last week, plunging 16 basis points to average 5.98% Friday. Like 30-year loans, 15-year rates sank to a two-year low in September, dropping as far as 4.97% (though the lowest Friday weekly average was 5.07%).
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Rates on 30-year mortgages ticked up a minimal 1 basis point for a second consecutive day Monday, after a large drop last week. The flagship average now sits at 6.85%, just barely above the cheapest ...
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I’m in my 50s and concerned about interest rates, tariffs, inflation and the general performance of the economy and markets.
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