Mon, February 3, 2025
Sun, February 2, 2025
Sat, February 1, 2025

Today's Mortgage Rates | Rates Start the Month a Bit Lower

These are today's mortgage and refinance rates. Where mortgage rates go this year depends on inflation and Fed policy.

The article from MSN Money discusses the current state of mortgage rates as of the beginning of the month. Mortgage rates have experienced a slight decrease, providing some relief to potential homebuyers. The rates for a 30-year fixed mortgage are hovering around 7.02%, while 15-year fixed rates are at about 6.47%. This dip in rates comes amidst economic indicators suggesting a cooling inflation rate, which might influence the Federal Reserve's future decisions on interest rates. The article also notes that despite the slight drop, rates are still significantly higher than they were a year ago, affecting affordability and keeping the housing market in a state of flux. Homebuyers are advised to consider locking in rates if they find a favorable deal, given the unpredictability of future rate movements.

Read the Full MSN Article at:
https://www.msn.com/en-us/money/realestate/today-s-mortgage-rates-rates-start-the-month-a-bit-lower/ar-AA1ygLz6