What could happen with mortgage interest rates this spring? Experts weigh in
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By Tim Maxwell
Christopher Hodge weighs in on what could happen with mortgage interest rates this spring.
Don't expect a dramatic mortgage rate drop anytime soon, or a big spike either. The experts we spoke with generally expect mortgage rates to stay in a relatively narrow window this spring.
"I think that mortgage rates will remain range-bound in the coming months," says Christopher Hodge, head economist for the U.S. at Natixis CIB Americas and former principal economist at the Federal Reserve Bank of New York. "Though the Fed is likely to signal additional cuts are coming, this easing is likely to be offset by persistently high inflation and the fear that geopolitical events will elevate near-term inflation expectations."
Read the rest of the article at CBSNews.com.