US EditionFebruary Mortgage Outlook: At Least Mortgage Rates Are Calm
Mortgage rates remain near 6.1% as the Federal Reserve pauses rate changes amid a stable U.S. economy, with limited volatility expected in the near term.
- With their Jan. 27-28 meeting, the Federal Reserve paused and kept U.S. mortgage rates stable in February amid a stable economy.
- The U.S. economy's relative stability helps explain the Federal Reserve's pause, as it removed language about rising employment risks and supported steady rates, despite mixed jobs data.
- Freddie Mac's January survey found the average 30-year rate at 6.1%, and a social-media post from January according to Freddie Mac sent rates lower.
- Absent shocks, the Mortgage Bankers Association has trimmed forecasts while rates remain steady, according to recent expectations.
- Fed leadership turmoil and investigation concerns could inject market volatility as Sen. Thom Tillis, R-N.C., vows opposition until the Jerome Powell probe ends, challenging Kevin Warsh's nomination.
22 Articles
22 Articles
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February Mortgage Outlook: At Least Mortgage Rates Are Calm
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