Mortgage Rates Steady, But Volatility May Soon Resurface
Financial markets showed a clear change from late March into early April. Mortgage rate movement became markedly calmer as April began.
Late March movement
By March 27 the average top tier 30-year fixed mortgage had climbed 0.65 percentage points. That rise reflected rapid moves through most of March.
Early April calm
In the first five business days of April, rates barely moved. They remained confined to a narrow 0.04% range.
| Period | Change |
|---|---|
| Through March 27 | +0.65% |
| First five business days of April | Range of 0.04% |
Market drivers and near-term risk
Bond market action continues to shape mortgage pricing. The conflict involving Iran remains the dominant geopolitical influence.
Tonight brings a deadline that could trigger a major escalation. That deadline increases the chance of renewed volatility heading into tomorrow.
Current status
Today left rates microscopically higher compared with yesterday. Overall, however, the recent picture has been one of stability.
Analysts summarize the situation as Mortgage Rates Steady, But Volatility May Soon Resurface. Filmogaz.com will monitor developments closely.
