Looking at this month’s trends, it’s clear this past week has been challenging for mortgage rates, which have ticked up slightly each day. As you can see from the graph, rates had improved over the last 30 days, and the news cycle has been buzzing with optimism about lower rates. However, this week has erased the majority of those gains.
What’s frustrating is that the rise isn’t tied to any significant shifts in economic data—key reports this week were largely neutral or even supportive of lower rates early in the day. Unfortunately, despite some favorable morning movements in the bond market, trading activity reversed course by afternoon, causing lenders to issue higher rate offerings.
This pattern has pushed rates for top-tier 30-year fixed scenarios to their highest levels in a week. The chart underscores how quickly the market can shift, making it crucial to stay informed. For your clients, this is a reminder that timing is everything when it comes to locking in a rate.
