Mortgage Rates 📢 April 21st, 2025

INTEREST RATES

Rate data as of morning of publication. Unless noted otherwise, all scenarios are assuming 30 Year-Fixed mortgage, Purchase or R/T Refinance. No origination points charged, 780 FICO score, and 20% down payment. Provided for consumer education only and does not serve as a binding offer to extend lending. Payment period, interest rate, APR, and other terms subject to income, asset, and credit profile qualification. Provided courtesy of GTG Financial, Inc. NMLS 1595076. Equal housing opportunity. www.nmlsconsumeraccess.org

Last week, rates were stuck — even though the stock market was struggling. But now we’re finally seeing some signs of improvement. Here’s what’s driving it:

🧊 Calmer Bond Market
The bond market has settled down a bit. That’s helping rates ease off recent highs.

💵 Dollar Concerns Overblown
There was panic about the U.S. dollar losing its global power, but new data shows it's still the world’s top reserve currency by a long shot. That helped calm investor nerves.

📉 Signs of a Slowing Economy
Big-picture data (like shrinking money supply and weak GDP forecasts) is pointing to a possible slowdown. When the economy cools, rates usually follow.

📆 What’s Next?
The Fed meets May 7. If growth keeps slowing, they may start talking rate cuts — which could bring even better news for mortgage rates down the road.