📊 Interest Rates Rebound After Tough Week

VIDEO UPDATE:

Interest Rates Rebound After Tough Week, Here is Your Weekly Mortgage Rate Update

TODAY’S MORTGAGE RATES

Mortgage Interest Rates had a
really tough week before Monday.
Mortgage Backed Securities were
down 136 bps in 4 days before
ending Monday +46 bps. Overall,
the MBS is down -90 bps over
the past 7 days.

This pushed the average 30 year
fixed conventional rate in America
up to 6.98%.

Most of the wild moves in the Rate
Market and Stock Market have
been due to reactions to Tariff news.
President Trump pulled all tariffs
back to 10% for the next 90 days
for all countries except China.

We had 2 normally important
inflation reports that were overshadowed
by the Tariff news.

The March Consumer Price Index (CPI)
inflation numbers came in lower than
the market expected. Year over Year
inflation dropped from 2.8% to 2.4%.
Core inflation (stripping out food and
energy) dropped year over year
from 3.1% to 2.8%.

The Producer Price Index (PPI) inflation
numbers also came in lower than the
market expected. Year over Year
Producer inflation came in at 2.7%,
And Core PPI came in at 3.3%.

Both inflation numbers would normally
help interest rates, but the market
views these numbers as before
Tariffs were announced and not
representative of what future
inflation may be.

This coming week does not have
a lot of market-moving reports but
the market is still very volatile.

There are a lot of characteristics that
go into a mortgage rate – credit score,
investor, loan to value, loan amount,
costs, etc. Please call me to go over
your specific scenario so we can
price your loan out accurately.

Or email me @ reggie@mygreenhomeloans.com with the answers
to the questions below for Mortgage
Options for your scenario.

REFINANCE QUOTE:

Goal of Refinance – Lower Payment, Cash Out, Debt Consolidation:
Address of Home:
Estimated Value of Home:
Current Loan Amount:
Current Rate:
What Type of Loan Are You in Currently – FHA, VA, Conventional:
Estimated Credit Score:
Are You a Veteran or Active Member of the U.S. Military:
If You are a Veteran, Do you get VA Disability:

HOME PURCHASE QUOTE:

What City and State are You Looking to Purchase In:
Estimated Purchase Price:
Loan Amount You Would Like to Finance:
Will Property be a Primary Residence, Investment Property, or Vacation Home:
Estimated Credit Score:
Are You a Veteran or Active Member of the U.S. Military:
If You are a Veteran, Do you get VA Disability:

Thank you!

MARCH MONTHLY MARKET REPORT

Here is the audio of Keeping
Current Matter’s March’s National
Real Estate Report.

https://files.keepingcurrentmatters.com/KeepingCurrentMatters/content/assets/audio/20250408/MMR-April-2025.mp3

Below are some of my favorite
slides from the report.

Consumer spending declined for
the first time in 2 years in January
2025.

Many experts believe we are in
or are headed into a recession.
Remember that recessions do not
equal lower housing values or
higher mortgage rates.

Mortgage Interest rates typically
fall during a Recession.

And housing values usually go up
during a recession excluding the
mortgage meltdown from 2007
to 2009.

Housing inventory is higher than
pre-pandemic levels. During Covid,
many homeowners couldn’t get under
contract to purchase a home due to
bidding wars. Today, if you want to
purchase you can and you can likely
negotiate great terms.