Mortgage rates have fallen for the fourth consecutive week, reaching their lowest level in nearly two months. The average 30-year fixed-rate mortgage rate dropped to 6.87%, according to Freddie Mac. However, this reprieve may be short-lived as inflation hit a seven-month high in January.
Experts warn that higher borrowing costs and tariffs are likely to continue pushing up inflation in the coming months. This trend could make it even more challenging for buyers to navigate the housing market, with homes taking longer to sell and sellers resorting to price cuts.
Despite this uncertainty, industry participants remain optimistic about home sales in 2025. Mortgage Bankers Association economists predict a 5% rise, while Fannie Mae’s economics team forecasts a 6% gain.
Source: https://eu.usatoday.com/story/money/personalfinance/real-estate/2025/02/13/mortgage-rates-low-again-for-now/78514412007