Mortgage Rates Increase, Dip

This is a news story, published by Yahoo Finance, that relates primarily to the Bureau of Labor Statistics news.

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future mortgage rates

Yahoo Finance

•

Business

Business & Economics

Mortgage and refinance rates today, February 11, 2024: Rates hold steady ahead of inflation report

Summary

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85% Informative

Some mortgage rates have increased today , but overall, the changes aren't drastic.

The 30-year fixed mortgage rate is down by three basis points to 6.54% , and the 15-year rate inched down by one basis point to 5.87% . Interest rates have been holding steady for the last week , but they could shift tomorrow after the Bureau of Labor Statistics releases the latest Consumer Price Index (CPI).

In 2024 , mortgage rates trended downward from early August to the Sept. 18 Federal Reserve meeting, when the central bank announced a 50 -basis-point slash to the federal funds rate.

The trajectory of future mortgage rates will largely depend on the Federal Reserve’s decision on whether or not to cut the rate at its 2025 meetings.

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informal

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English

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