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- Mortgage Rates 📢 April 7th, 2025
Mortgage Rates 📢 April 7th, 2025
Mortgage Rates ⬆️ up. Markets are all over the place. Need strong inflation data this week to see rates move downward.
Glenn Groves
April 07, 2025
INTEREST RATES
10 year 3-Month Snapshot
Product | Rate / APR | Weekly Change |
|---|---|---|
↔️ Conv. | 6.625% / 6.653% | -.000% |
↔️ Conv. HB | 6.875% / 6.939% | -.000% |
⬆️ JUMBO | 6.875% / 6.934% | +.250% |
⬆️ FHA 3.5% DP | 5.990% / 6.974% | +.250% |
↔️ VA 0% DP | 5.990% / 6.204% | -.000% |
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
We're still in a volatile spot. The 10-year is bumping up against 4.12%, and Mortgage Bonds just dropped to their next support level around 99.91. That’s putting upward pressure on rates again.
Former Fed Vice Chair Lael Brainard made waves this morning saying the Fed won’t even think about cutting rates until inflation comes down meaningfully — and the market didn’t love that.
We’ve got CPI data hitting Thursday. It’s expected to show a slight decline in inflation, which is usually rate-friendly, but keep in mind: this is old data from February, before the tariffs hit. So even if it's good, the market might shrug it off.
🎯 Bottom line: Expect some choppy rate movement this week. If you're coaching buyers, remind them that rates could move quickly in either direction depending on how the market reacts to Thursday’s report.
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