Mortgage and refinance rates today, Jan. 14, and rate forecast for next week
Mortgage and refinance rates today, Jan. 14, and rate forecast for next week
Abstract
Some think we're entering a phase within which we will see mortgage rates move within a tighter band. After a period of falling mortgage rates, I'm clearly considering changing my personal rate lock recommendations. What's moving current mortgage rates As economist Paul Krugman wrote yesterday for the New York Times, "Thursday's report on consumer prices was really good news. I mean, really, really good news." Pretty much everyone will be delighted, including the Federal Reserve. Mortgage interest rates forecast for next week With luck, mortgage rates might be due a quiet seven days. How your mortgage interest rate is determined Mortgage and refinance rates are generally determined by prices in a secondary market where mortgage-backed securities are traded. Remember, they're not just a mortgage rate Be sure to count all your forthcoming homeownership costs when you're working out how big a mortgage you can afford. Read: Down payment assistance programs in every state for 2021 Mortgage rate methodology The Mortgage Reports receives rates based on selected criteria from multiple lending partners each day.