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On the heels of the Federal Reserve’s January 28-29 meeting where interest rates were held stable at 4.25-4.5%, home buyers may be wondering what’s in store for mortgage rates. We asked four pros.
“Mortgage rates will be near 6.5%,” – Jessica Lautz, deputy chief economist and vice president of research at the National Association of REALTORS®.
Jessica Lautz, deputy chief economist and vice president of research at the National Association of REALTORS® predicts mortgage rates are expected to be near 6.5% in February. “The 10-year Treasury rate, which is closely aligned with mortgage rates, has fallen to 4.5% after climbing closer to 5% in early January. Mortgage rates should, in turn, start to decline,” says Lautz.