VIDEO UPDATE:

Great Week for Interest Rates, Here is Your Weekly Mortgage Rate Update! 

TODAY’S MORTGAGE RATES

Mortgage Interest Rates have had a
really good week with the Mortgage
Backed Security (MBS) Market
trading up + 91 bps.

Interest Rates fell approximately
.2% over the past 7 days.

Below are your average interest rates
across the country according to
Mortgage News Daily.

Economic data was slow last week
but we have a big week ahead of
us this week. Then the following
week we have the FED Meeting.

First, we have U.S. GDP for
Quarter 1. This should give us a
good idea of the current status of
economic growth in the U.S. Many
experts are expecting little to no
growth which is usually positive
for interest rates.

The PCE inflation report comes out
Wednesday and most expectations
are for the monthly inflation number
to be low. This would normally help
interest rates but since these figures
are before Tariffs, it may not cause
much market movement.

Lastly, we have Friday’s April BLS
Jobs Report. Lower job creation and
higher unemployment typically help
interest rates. Higher job creation and
lower unemployment typically hurt
interest rates.

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 you can get a Free Mortgage Quote
or Apply for a Mortgage with the links below.

Thank you!

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JUMBO 40 YEAR INTERST
ONLY MORTGAGE

Jumbo Payment Smart is a Mortgage
Product that helps clients with loan
amounts over the conventional limit
get maximum flexibility with their
mortgage payment. Here is how
the product works.

For the first 10 years, the loan is
Interest Only. This gives a client the
ability to have a low monthly payment,
but also a lot of flexibility to pay
down the loan and lower their
payment further.

Unlike a traditional mortgage
amortization where interest is
preloaded at the beginning of the
loan, an interest only loan has
no money going towards principal.
Anything the client pays over the
minimum monthly payment will
go directly towards principal.

Because the monthly payment is
calculated off the principal balance,
every time the client pays down the
loan, they lower their required
monthly payment.

After the initial 10 years, the loan
turns into a 30-year fixed amortization
where the client is required to pay down
principal like a normal 30-year
fixed mortgage.

When used correctly, this product gives
clients a lot of flexibility to pay down
their mortgage on some months,
while keeping more funds in their
pocket on other months.

Contact me if you would like to
discuss how this product could work
for you.

MORE HOUSING OPTIONS FOR
YOUR NEXT MOVE

Housing inventory has increased nationally
to about a 4-month supply as of April 2025.
As more sellers put their home on the
market, it gives clients more options
and more negotiating power in terms
of price and seller concessions.

Although housing inventory is higher
relative to the past 5 years, inventory
is lower than it was before the
pandemic.

Hope you have a fantastic week!