Feb 10, As of February 10, 2025, the average 30-year fixed mortgage rate is approximately 6.60%, reflecting a slight increase from previous weeks.
This uptick is attributed to ongoing inflation concerns and uncertainties surrounding current economic policies.
Given the prevailing economic conditions, mortgage rates are expected to remain near these levels in the near term.
This week, key economic events include the U.S. Consumer Price Index (CPI) release on Wednesday, February 12, which will provide insights into inflation trends.
Additionally, Federal Reserve Chair Jerome Powell is scheduled to testify on Tuesday, February 11, offering perspectives on monetary policy.
In the mortgage industry, recent data indicates a decline in non-bank mortgage employment by nearly 5,000 positions year-over-year as of December, reflecting ongoing adjustments in the sector.
Furthermore, mortgage rates concluded last week lower, despite a modest increase on Friday, suggesting potential volatility ahead.
This uptick is attributed to ongoing inflation concerns and uncertainties surrounding current economic policies.
Given the prevailing economic conditions, mortgage rates are expected to remain near these levels in the near term.
This week, key economic events include the U.S. Consumer Price Index (CPI) release on Wednesday, February 12, which will provide insights into inflation trends.
Additionally, Federal Reserve Chair Jerome Powell is scheduled to testify on Tuesday, February 11, offering perspectives on monetary policy.
In the mortgage industry, recent data indicates a decline in non-bank mortgage employment by nearly 5,000 positions year-over-year as of December, reflecting ongoing adjustments in the sector.
Furthermore, mortgage rates concluded last week lower, despite a modest increase on Friday, suggesting potential volatility ahead.