VIDEO UPDATE:

Tariff Hysteria and Up and Down Interest Rates, Here’s Your Weekly Mortgage Rate Update!

TODAY’S MORTGAGE RATES

Mortgage Interest Rates have had large
swings this week with Tariff
announcements, Stock Market Drops,
and Jobs Data. Rates hit 5-month lows on
Friday, then moved up quickly on Monday.

Overall, interest rates are about .1%
higher than this time last week
With the Mortgage Backed Security
(MBS) trading down -38 bps.

Below are Mortgage News Daily’s
Average Interest Rates across
the country.

The big news has been President
Trump’s reciprocal tariffs.

The Tariff announcement has caused
turmoil in the markets with the stock
market down, and initially bonds up
with interest rates improving,
followed by bonds also moving
sharply down and interest rates
going up.

On Friday, The BLS Jobs reported
that 228,000 jobs were created in
March. The estimates were a job
creation number of 140,000.
Unemployment went up from
4.1% to 4.2%

This week’s market movers are Thursday’s
CPI Inflation Report and Friday’s PPI
Inflation Report. Many are expecting
the inflation numbers to go down
based on the number from 12
months ago that March 2025
will be replacing.

This would normally be good for
interest rates, but FED Chairman
Powell has stated that he believes
Tariffs will raise inflation and slow
economic growth. He said the FED
will not act hastily and will assess
the impacts of the Tariffs before
cutting or raising rates.

It’s been a wild week for interest rates
and weeks like this are why you want to
work with a Mortgage Professional
that pays attention to the market
daily and can best advise you on your
financial situation.

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 at 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!

RECESSION DOESN’T MEAN
FALLING HOME PRICES

There is much talk about a Recession
coming or that the U.S. is in a
recession now. The Recession
word often causes fear in housing.

A Recession doesn’t equate to
homes dropping in value.
We can reference 2020’s
recession to see that.

In 4 of the last 6 recessions,
home values have gone up.

Home prices have consistently gone
up outside of the 2008 market crash.
Areas in gray show how home values
reacted to all U.S. recessions since .
the 1960s.

Have a great week!!