VIDEO UPDATE:

The FED holds as Middle East Tensions Rise. What Does that mean for Interest Rates?
Here is Your Weekly Mortgage Rate Update 🏡

TODAY’S MORTGAGE RATES

Mortgage Interest Rates are now at
their lowest levels since May 1^st.

Mortgage Interest Rates went down
another .05% over the past 7 days
with the Mortgage Backed Security
market trading up + 30 bps over
the past 7 days.

Average 30 Year Fixed average
Conventional rates sit at 6.84%
Average 30 Year Fixed average
FHA and VA rates sit at 6.4%.

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

The FED did not change the Federal
Funds Rate as expected.

The FED also updated where they
see the Federal Funds Rate at
the end of 2025, 2026, and
2027. The average of the voting
members expect 2 FED rate cuts
through the end of 2025. The
Federal Funds Rate does not
have a direct impact on Mortgage
Rates, but the economic ramifications
of the Federal Funds Rate does.

As Middle East Tensions rise, what
does that mean for the economy
and future interest rates? There is
no way to know for sure, but we
can tell you what usually happens.

When there is uncertainty in the
market, there is a tendency for
investors to seek the safety of
less risky investments like Bonds
and U.S. Treasuries. Because U.S.
Treasuries and Mortgage Bonds both
have a major impact on Mortgage
Interest Rates, Investors seeking
safety will typically help interest rates.

We did see interest rates improve
some on Monday after the events
of the weekend.

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.

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HOME PRICE UPDATE

Case-Shiller Home Price Index just
released their April 2025 update.
They show that National homes prices
dropped from March to April by -.4%
after seasonal adjustments. Despite
the monthly drop, National home prices
are still up 2.7% Year over Year.

There have been a lot of conversations
about home prices in the media as of
late. While it is true that some areas
are seeing modest price drops, the
Valuation of Real Estate is best
looked at through a long-term lens.

Like any investment, prices can go
up or down in the short-term. When
you look at Real Estate over a long-
term horizon, you will see that the
gains typically far outweigh any
losses.

See the chart below showing cities
that are currently seeing home prices
drop some. The long-term price gains
on housing in these cities far outweighs
the short-term price drop.

Hope you have a great week!!