Mortgage rates have taken a significant turn, hitting their lowest level since April 7th. The average lender’s rate improvement varies depending on individual adjustments made by different lenders in response to the bond market’s strength. Some made changes yesterday afternoon, while others waited until this morning.
Compared to recent levels, mortgage rates remain slightly elevated but are no longer as volatile as they were following the big tariff announcements earlier this month. The upcoming week will bring key economic data and events that could influence rate movements.
The actual impact of these factors on interest rates remains uncertain, with only the outcome of economic reports and relevant headlines for now providing insight into potential volatility.
Source: https://www.mortgagenewsdaily.com/markets/mortgage-rates-04252025