Mortgage

A declining inflation rate could indirectly impact mortgage interest rates. Getty Images News that borrowers have been waiting eagerly for came in again on Thursday when the Bureau of Labor Statistics announced another drop in the inflation rate, this time for March. Now at a rate of just 2.4%, inflation dropped significantly from the 2.8%

Loan Type New Purchase Rates Daily Change 30-Year Fixed 7.06% +0.13 FHA 30-Year Fixed 7.04% No Change VA 30-Year Fixed 6.71% +0.17 20-Year Fixed 7.00% +0.17 15-Year Fixed 6.22% +0.15 FHA 15-Year Fixed 6.32% No Change 10-Year Fixed 6.53% +0.51 7/6 ARM 7.33% No Change 5/6 ARM 7.25% -0.02 Jumbo 30-Year Fixed 7.01% +0.13 Jumbo

Key Takeaways Realtor.com reports that U.S. median home prices rose last month, with March asking prices averaging $424,900. That’s up $12,900 from February’s median price. Providing only minor relief for home buyers, 30-year mortgage rates slipped in March, with rates averaging 6.73% vs. 6.77% in February. Assuming a 20% down payment, that translates into a

Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.93% +0.08 FHA 30-Year Fixed 7.04% No Change VA 30-Year Fixed 6.54% +0.18 20-Year Fixed 6.83% +0.25 15-Year Fixed 6.07% +0.14 FHA 15-Year Fixed 6.32% No Change 10-Year Fixed 6.02% -0.34 7/6 ARM 7.33% +0.29 5/6 ARM 7.27% +0.17 Jumbo 30-Year Fixed 6.88% +0.12 Jumbo 15-Year

While no one can be sure exactly how things will pan out in the long run, the market is currently expressing extreme disapproval of the new tariff plans.  While interest rates had previously benefited from some of the chaos in the stock market, that ship has sailed. Now, both sides of the market are losing

Borrowers could see some “really big cuts” to mortgage rates this week amid Trump-induced chaos in global markets, industry insiders have predicted. One consequence of the US president’s announcements has been the price of oil plummeting, which could end up being deflationary and give the Bank of England greater scope to cut. Swap rates, which