Mortgage rates remained stable on Friday, with minimal changes reported by lenders. The lack of significant economic reports and low trading activity contributed to this stability. Despite a strong start to the week, rates have been holding steady since May 2024.
However, the prolonged recovery from previous highs is unusual. Typically, larger gains occur during such periods. This tempered growth slightly undermines the sense of progress made over the past two days, which were marked by significant improvements in mortgage rates.
Market activity may increase on Tuesday due to political news, but its impact on rates remains uncertain. The influence of these events cannot be predicted with certainty, making it difficult to forecast future rate movements.
Source: https://www.mortgagenewsdaily.com/markets/mortgage-rates-01172025