AI Data Insight
Latest data indicates that the US 30-year fixed mortgage rate climbed slightly to 6.11% (previous value: 6.10%), marking a third consecutive week of increases since touching a low of 6.06% in mid-January. As the market digests expectations of the Federal Reserve slowing the pace of rate cuts, institutions estimate that short-term rates will fluctuate within the 6% to 6.3% range, and homebuyers should monitor changes in inflation data.