In September, rates plunged to a two-year low, falling as far as 5.89%. But over the following three-plus months, the average surged almost 1.25 percentage points—before recently easing lower.
Mortgage rates might drift downward in February after bumping against a ceiling in January.The 30-year fixed-rate mortgage peeked briefly above 7% in January, then promptly ducked lower. It loitered j ...