Weekly Mortgage Predictions: Tariffs and Labor Data Could Spark Volatility
mortgage Speed ​​rate fluctuates every daySo you can always look forward to a little fluctuation. On Monday, the average rate 30 years of fixed mortgage loan According to BankRate data, it is about 6.96 %, 0.15 % lower than the peak in January 7.11 %.
But February may be more turbulent than usual.
Last month Artificial dataWill be released on Friday, and News of continuing tariffs It is a key economic factors affecting interest rates this week. Both may increase or fall bond yields, which in turn will promote the increase or decline of mortgage interest rates.
Economists correctly worry that President Donald Trump threatens the threat to President of Canada, Mexico and China, which will increase consumer prices. It is expected that tariffs will also have a negative impact on the burden of housing, and the cost of borrowing rate and building materials (such as wood, Used to build new housesEssence
“Tariffs will not have an impact immediately. However, in the long run, as investors demand better returns, they will lead to an increase in mortgage interest rates.” Nicole RUETHThe senior vice president of the RuETH team is supported by sports mortgage loans.
According to the January of the Labor Statistics of the Labor Statistics on Friday, it will also affect the mortgage interest rate, which may be more important than the headlines of the inflation trade war. Logan Mohtashami (Logan Mohtashami)Chief Analysts of Housingwire. If the labor market weakens with high unemployment figures, it can actually increase bond yields and mortgage interest rates.
In addition to short -term fluctuations, most economic predictions require the increasing interest rate of mortgage loans in 2025, but this is not the case. Fannie Mae It is expected that the average 30 -year fixed mortgage interest rate is Keep 6.5 % Until mid 2025.
this The direction of mortgage interest rate In the end, it depends on the economic impact of the policy formulated by the Trump administration and the expected speed of the Federal Reserve to reduce interest rates. “The market will get the biggest clue from the actual changes in economic data,” Matt Graham (Matt Graham) Daily mortgage news.
The Fed’s impact on the interest rate of mortgage loans
Last week, on January 29, the Fed’s decision -making agency voted to decide to suspend the reduction of its loan interest rate. Makes its benchmark interest rate unchangedEssence Jerome Powell, chairman of the Federal Reserve, said officials are waiting to check whether the inflation is relieved or the labor market will become soft and not rushed to reduce interest rates.
As of now, experts have reduced the tax reduction rate this year. RUETH said: “At the beginning of the new presidential term, a lot of changes have taken place. According to the policy, we can see that the inflation trend has risen.”
The Federal Reserve usually responds to high -level inflation to slow down the economy because it starts from early 2022.
Although the Fed’s monetary policy decision indirect Affect the mortgage marketHigher inflation and higher interest rates are usually transformed into more expensive mortgage loans for borrowers.
Although the President claimed that he had reduced the mortgage interest rate to 3 %, the White House did not set a housing loan interest rate. In addition, the rates of these types of rocks are usually indicating that the country is Serious economic crisisEssence
Forecast of the housing market in 2025
If Trump’s policy charging inflation or increased government debt deficit, it will be difficult to achieve the more affordable mortgage loans and housing, especially in the spring buying season in the spring. This is that some of the major housing authorities are expected to mortgage interest rates this year will be here.
Even if the interest rate of mortgage loans really decreases, potential buyers still have to work hard to deal with Long -term housing shortageExpensive House price And loss of purchasing power due to inflation.
Expert skills of home buyers
Entering entry is never a good idea Buy a house I don’t know what you can afford, so please build a clear housing budget. This is what experts recommend before buying a house:
评 Establish your credit score. Your credit score will help determine whether you are qualified to obtain a mortgage loan and what interest rates. one Credit score In the case of 740 or higher, it will help you get lower interest rates.
付 Save greater down payment. Larger down payment You are allowed to take out a smaller mortgage loan and get a lower interest rate from the loan. If you afford it, at least 20 % of the down payment will also eliminate private mortgage insurance.
款 Shopping mortgage loan. A loan offer from multiple mortgagers can help you Higher negotiation rateEssence Experts suggest that you get at least two to three loans from different lenders.
💰 Consider renting a house. choose Rent or buy a house Not only compare monthly rent with mortgage payment. Leasing provides flexibility and reduced early costs, but purchases allow you to establish wealth and have more control over housing costs.
💰 Consider the mortgage point. You can get a lower mortgage interest rate by buying Mortgage pointA total loan amount costs 1 % per point. One mortgage point is equal to your mortgage interest rate decreased by 0.25 %.
