This week's Mortgage rate forcast for the end of January

Real Estate Broker/Owner with Hamm Homes

This Week's Mortgage Rate Forecast:

Rates could be volatile


This week could see rates move a lot day-to-day, and could also set the tone for how rates will move higher or lower from here in coming weeks. Wednesday's Fed meeting and press conference will cause the biggest moves, followed by jobs and wage data on Friday and consumer confidence data on Tuesday. This is a good week to stay in contact with your mortgage professional.

What's affecting rates this week:

  • Economic data: A busy week of data that includes consumer confidence as well as jobs and wage reports, all of which could cause some movement for rates this week.
  • The Fed: The Fed will announce a rate hike on Wednesday expected to be .25%, and will issue its policy statement followed by a press conference by Fed Chair Jerome Powell. Markets have already priced in this rate hike so it won't hurt mortgage rates, but traders will be looking for signs on when the Fed will pause rate hikes and when we may see rate cuts later in the year. Depending on how markets react to these events, we could see rates improve or get worse.

Comments (4)

Ray Henson
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA

This will be a busy week and it will be interesting to see how the market reacts over the course of the week. 

Jan 30, 2023 10:45 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

We will see, Will. They will do or not do what they wish and always have!

Jan 30, 2023 06:19 PM
Roy Kelley
Retired - Gaithersburg, MD

Thank you very much, Will, for sharing this report.

Home buyers find it challenging to face the higher mortgage interest rates.

Jan 31, 2023 11:37 AM
Roy Kelley
Retired - Gaithersburg, MD

Good Friday morning, Will.

Have a great day and an outstanding weekend.

Feb 03, 2023 07:16 AM