Friendly, Stable Trend Continues For Mortgage Rates

It's now been more than a week since mortgage rates ended the day higher than the previous day. And we haven't recovered quite as much lost ground as 10yr Treasury yields, we're getting pretty close to fully re-entering the narrow range that persisted before the April 2nd tariff announcement. [thirtyyearmortgagerates] Depending on one's worldview, tariffs could be a good or bad thing. Let's just say they're a thing that can be good in the right applications and that the initial roll-out of the tariff plan was too much of a good thing. The early April rate spike was due to fallout from that realization and the recovery has coincided with a more measured approach toward more sustainable trading relationships. Of course there's much left to be determined and solidified, but whereas the bond market (and thus, rates) was a bit panicked at first, the balance of official communications has afforded traders more confidence. In addition, most traders assume there will be a near-term economic toll to pay as trade relationships are re-worked, and when markets expect weaker economic data, it puts downward pressure on rates, all other things being equal. Things aren't exactly equal in this case. Inflation pushes rates higher and there is definitely some fear that tariffs will cause a surge in inflation--temporary or otherwise. As this push and pull between the economy and inflation is increasingly resolved in the objective data, rates will have a better sense of where they'll settle out.
Categories
Recent Posts

Mortgage Rates Move Higher After Trade Deal

New Construction Offers a Boost in Home Affordability, but Tariffs May Stall Progress

Mortgage Rates Lower After Fed Announcement, But Not Because of It

Mortgage Rates Improve Slightly After Starting Out Flat

Mortgage Rates Roughly Unchanged to Start New Week

Reba McEntire and Realtor.com® Bring the Laughs--and the Listings--in New Campaign

Rates Pull Back Slightly After Stronger Economic Data

Americans Need to Earn 70.1% More Today Than Six Years Ago to Afford the Median-priced Home

Another Small Victory For Mortgage Rates

Friendly, Stable Trend Continues For Mortgage Rates
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "