Mortgage rates are based on bonds and bonds don't like inflation.  When inflation reports are higher than the market expected ...

Rates moved only between 3.2% and the record-low 2.65% in 2021 ... By the way, history says a year’s average mortgage rate landed within this forecast formula’s projected range 80% of the time.

Rates moved only between 3.2% and the record-low 2.65% in 2021 ... By the way, history says a year’s average mortgage rate landed within this forecast formula’s projected range 80% of the time.

Get insights into the 2024 mortgage rate forecast. ... Low rates like consumers saw in 2020 and 2021 make it easier for buyers to purchase, which increases demand and drives prices up.

The median amount of a mortgage loan in October fell to $295,000, the lowest level since January 2021. The Mortgage Bankers Association said, for potential buyers who can wait, its forecast calls ...

In 2021, we saw mortgage interest rates between 2% and 3% — some of the lowest rates we've ever had on record. Even now, mortgage rates hover around 7% for a 30-year conventional mortgage loan.