What Did Mortgage Rates Do This Week?
Mortgage rates climbed this week, largely driven by rising oil prices and growing inflation concerns tied to global energy markets.
When energy prices increase, it can push inflation expectations higher. Inflation is one of the biggest drivers of bond market movement, which directly influences mortgage interest rates. As a result, investors pushed Treasury yields higher, and mortgage rates followed.
While housing demand remains steady, the market continues to react to broader economic forces outside of real estate. Even small changes in mortgage rates can impact homebuyer affordability and purchasing power, especially during the busy spring homebuying season.
What to Look Forward to Next Week
Several economic and market factors could influence mortgage rate trends next week, including:
• Inflation-related economic data
• Federal Reserve commentary
• Oil price movement
• Treasury yield trends
Markets will continue watching energy prices closely, since sustained increases could keep pressure on inflation and borrowing costs.
As always, mortgage rates will remain closely tied to movements in the bond market and investor sentiment.
Lock or Float Bias
Current Bias: Neutral with a slight lean toward locking
• Closing soon → Locking may be the safer strategy given the recent upward movement in rates.
• Closing later → Floating may still make sense, but borrowers should expect continued volatility.
With markets reacting to energy prices and global developments, mortgage rate swings can happen quickly, so timing and strategy remain important.
New Purchases Eligible for Free Appraisal Through 4/30
For a limited time, all new home purchase loans are eligible for a free appraisal through April 30.
This can help buyers reduce upfront closing costs and make their offers more competitive in today’s housing market. If you have buyers preparing to make a move this spring, this incentive can help them save money and move forward with confidence. Reach out if you are a homebuyer or a realtor that is working with a buyer that could benefit from this promotion, reach out to our team today!
No SSN required. Zero impact to credit. Your Information is never sold.