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

📈 Rates are still elevated, but the market is trying to improve.
Stocks and mortgage bonds are both bouncing this morning, which is helping pricing stabilize after last week’s volatility.

🛢️ Oil and Middle East headlines are still part of the story.
When oil spikes, markets worry inflation could stay hotter for longer. That tends to pressure rates higher. But if high energy costs start slowing the economy, bonds can improve and rates can ease back down.

📉 Consumer confidence just got weaker.
The latest University of Michigan sentiment data came in soft, and more consumers said they expect unemployment to rise. That matters because weaker confidence and softer labor expectations can be good for bonds.

🏡 What Realtors should know:
The bond market still looks cautious. Lenders are not rushing to price in big improvements yet, but the move higher in rates also looks less convincing than it did late last week.

👀 What to watch this week:
Jobs data will be the big one. If labor numbers come in weaker than expected, that could help mortgage pricing. If they come in hot, rates could push higher again.

Bottom line:
We’re starting the week floating. There is room for improvement, but this market is still headline-driven and quick to reverse.

Realtor Insight

Buyers should not assume last week’s rate spike means the trend is locked in. This is still a market where one or two reports can change the tone fast.