04/12/2025
🔔 Rate Watch: April ! 🔔 The 30-year fixed mortgage rate has remained stable and declining over the past month. This consistency has boosted purchase applications to their highest growth rate since late last year, according to Freddie Mac Chief Economist Sam Khater.
As of April 3, 2025, the 30-year FRM averaged 6.64%, down slightly from the previous week’s 6.65% and lower than last year’s 6.82% (Source: Freddie Mac).
Despite economic uncertainty and stock market volatility, mortgage rates have held firm. However, upcoming data-such as the Consumer Price Index-could influence future rate movements.
April’s rate outlook remains uncertain as markets assess the impact of new tariffs. Higher tariffs are expected to drive inflation higher, which typically leads to rising interest rates.
However, expectations of these tariff increases were already factored into mortgage rates by the end of March. As new data emerges on the economic effects of tariffs, mortgage rates may respond accordingly (Source: NerdWallet).
Questions about what this means for you? Don’t hesitate to reach out!
