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Forecast for the week of February 22, 2022

Please enjoy this complimentary mortgage rate forecast provided to keep you informed of where interest rates may be headed, and to help you gain the advantage in securing low rates and payments.

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Last Week's Mortgage Rate Recap:

Rates slightly worse

Mortgage rates moved higher last week, but only slightly, as speculation of a larger Fed rate hike in March started to fade. Concerns about escalating tensions at the Russia/Ukraine border also kept rates from moving too much higher.

This Week's Mortgage Rate Forecast:

Rates could improve slightly

Mortgage rates could see some volatility this week but ultimately end the week slightly better, as markets react to the unfolding situation at the Russia/Ukraine border. Concerns about Russia invading Ukraine could push investors to seek safe havens in bonds, which helps mortgage rates improve slightly. Also, belief that the Fed will not make a big splash when raising rates in March is gaining momentum, and could help rates improve slightly.

What's affecting rates this week:

• Economic data: Lots of data in a holiday shortened week could cause some volatility in mortgage rates this week, especially Friday's inflation data.
• The Fed: Mortgage rates may be helped this week by investors once again believing a smaller rate hike is more likely from the Fed at the March Fed meeting.
• Russia/Ukraine: Concerns that Russia will invade the Ukraine are mounting, pushing investors to the safety of bonds and helping mortgage rates.

If you would like to discuss interest rates further or find out the benefits of locking your rate today, please contact your mortgage professional at or .

Interest Rate Forecast and Commentary provided by: