Mortgage rates for Feb. 26, 2015
Mortgage rates move in anticipation of fed interest rate moves, not in response. So, any change in the outlook for what the Federal Reserve may or may not do can have a pronounced effect on mortgage rates.
Mortgage rates defied forecasts in 2014; what's ahead in 2015?
Housing economists were nearly unanimous a year ago: U.S. mortgage rates would rise in 2014 because the Federal Reserve was unwinding a key economic stimulus that had helped keep long-term interest rates low.