Weekly Interest Rate Recap: Tariff News Sends Rates Higher
It’s been a wild ride for mortgage rates this week.
After several weeks of relative stability, rates pushed higher due to growing concerns over potential new tariffs. Investors responded to the headlines by pulling back from bonds, which in turn cause mortgage rates to rise.
Tariff fears tend to create uncertainty—and mortgage rates don’t like uncertainty. As a result, we saw rates inch up across most loan types.
What to Watch Next Week
Next week, all eyes will be on the evolving new tariffs situation. Headlines around potential new tariffs are likely to remain the main driver of market movement.
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