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

⏱️ Rates in 60 Seconds

📉 Markets like the headlines… lenders not convinced yet
Stocks are rallying on optimism that tensions with Iran could ease, but mortgage pricing has not followed yet. Lenders are waiting to see if this sticks before improving rates.

📊 Bonds still cautious
Mortgage bonds are hovering near key technical levels. They’ve improved slightly, but not enough for meaningful rate relief yet.

🛢️ Oil moving lower helps the story
Lower oil typically helps inflation outlook, which is good for bonds and mortgage rates longer term. But markets want confirmation, not just headlines.

🏦 Why rates remain elevated
Lenders price conservatively when volatility is high. With conflicting headlines about negotiations, they are holding margins wider until direction becomes clearer.

👀 What Realtors should watch this week

• Tuesday: ADP Employment Report

• Wednesday: Mortgage Applications

• Thursday: Jobless Claims

Strong labor data could push rates higher again. Softer data could help bonds recover.

Realtor Insight 💡

Even though the news cycle sounds positive, mortgage pricing has not caught up yet. Buyers waiting for an immediate drop may need patience. If tensions truly ease and inflation expectations improve, we could see pricing improve in the coming weeks, but lenders want confirmation first.

For now, we remain in an elevated but potentially improving range.