Today's mortgage pricing is expected to drop slightly due to fluctuations in the 10-year yield attributed to a stock market decline. The Federal Reserve's next meeting may maintain the federal funds rate, providing stability in a volatile housing market. Recent data shows a decline in refinancing activities, driven by January's higher rates. While some markets experience price declines, Northeast cities are witnessing significant appreciation, marking a divide in real estate trends across the nation. The forthcoming February jobs report could influence future Fed decisions on rate cuts.
"Mortgage pricing could slightly decrease as bond investment increases amid stock market sell-off, with the 10-year yield fluctuating between 4.11% to 4.18%."
"The Fed's upcoming meeting is critical, with expectations to maintain the federal funds rate at 4.25% to 4.5%, suggesting some stability in a volatile housing market."
Collection
[
|
...
]