Mortgage Interest Rates Forecast
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Mortgage rates this week
Mortgage interest rates dropped to their lowest point since mid-December, marking the third consecutive week that the 30-year rate remained under 7%.
The 30-year fixed-rate mortgage averaged 6.81% APR, down 11 basis points from the previous week's average, according to rates provided to NerdWallet by Zillow. A basis point is one one-hundredth of a percentage point.
The 15-year fixed-rate mortgage averaged 5.99% APR, down 12 basis points from the previous week's average.
The 5-year adjustable-rate mortgage averaged 7.25% APR, down five basis points from the previous week's average.
Mortgage interest rates may be trending downward, but don’t count on any major shifts by March. Most people hate economic uncertainty, but the Federal Reserve really hates it.
Central bankers typically like to see several weeks or months of consistent data before deciding to change the federal funds rate, which indirectly affects the direction of mortgage interest rates. The Trump administration has announced many sweeping policy moves during the president’s initial weeks in office, and the Fed is unlikely to take action until the economic consequences are more fully understood.
Mortgage loans from our partners
on New American Funding
on New American Funding
on GO Mortgage
GO Mortgage
4.0
NerdWallet rating4.0
NerdWallet ratingon GO Mortgage
Mortgage loans from our partners
on New American Funding
on New American Funding
on GO Mortgage
GO Mortgage
4.0
NerdWallet rating4.0
NerdWallet ratingon GO Mortgage
