Brianna Collette, NMLS# 2013393 - OHn Home Loans, LLC, 7887 E Belleview Avenue, Suite 175, Denver, CO (2026)

06/15/2026

Three weeks ago, rates broke through the 6.5% ceiling for the first time since early September. Since then, we've played hopscotch with that line and were back up to 6.52% last week for the average rate locked on a 30-year fixed-rate mortgage, according to Freddie Mac's Primary Mortgage Market Survey.

Over the past three months or so, mortgage rate movement has been driven primarily by developments in the Iran war. Not so much the war, itself, but rather the implications for fuel prices and inflation; something bonds care deeply about. Jobs haven't helped. Not only did May's labor report crush expectations, it revised the past two reports sharply higher as well. And it's not that we don't like people having jobs, because we do, but when more people get a job than expected, the market sees arguments in favor of a Fed rate cut disappear. Speaking of, it's Fed Week. No hike or cut is expected, but the market is eager to see whether any and what forward guidance will be given by the Fed under the new Chair. There will be a press conference that follows the Meeting and rate announcement, but the future of the quarterly dot plot is highly uncertain. Without those FOMC projections, the market will be forced to focus directly on real-time economic data; something Kevin Warsh strongly favors. Speaking of other things we'll be eagerly watching this week, mortgage rates didn't fall quite as much as one might have expected following news of a confirmed peace deal with Iran. Bond investors may be more inclined to fully buy into the deal on Friday if and when it's signed and officially official.

For now, mortgage rates are the lowest they've been in a month and we'll take it! We're here for all your questions and needs, and always look forward to your calls, texts, and emails. Hope to hear from you this week!

**Interest rates derived from Freddie Mac's Primary Mortgage Market Survey represent average interest rates across the US and do not represent the interest rates of OHn Home Loans LLC unless stated otherwise. Thank you!**

05/18/2026

Dropping down just a hair, rates averaged 6.36% for a 30-year fixed-rate mortgage last Thursday with the release of the Freddie Mac Primary Mortgage Market Survey.

But this was all before Trump's two-day summit in China wrapped up. Expecting a breakthrough in a peace deal with Iran to come out of that meeting, bonds began tanking as soon as Trump got on the plane to head home. Since Friday, bonds have continued to react to every little deal-on/deal-off headline that's come out. There isn't much on the economic calendar this week in terms of reports that will have the power to take the market's attention away from news headlines, but Kevin Warsh will be sworn in as the new Fed Chair on Friday. What will this mean for the Federal Reserve and the potential for rate cuts? Well, Fed funds futures are currently projecting zero chance of a rate cut this year, thanks to the persistence of this war and the impact it is having -and will have- on inflation as long as it lasts. And Warsh is just 1 vote of 12 decision makers, but he comes with some big plans to reform the Fed and his arrival changes the long-game. His philosophies are heavily influenced by monetarism, emphasizing that inflation is driven by excessive government spending and money creation rather than economic growth. Warsh favors short-term rate cuts and his leadership could bring a structural shift from a central bank that manages market behavior to one that lets free-market forces determine prices.

For questions or a deeper dive, don't hesitate to reach out! We love hearing from you and are always happy to make time for your questions!

**Interest rates derived from Freddie Mac's Primary Mortgage Market Survey represent average interest rates across the US and do not represent the interest rates of OHn Home Loans LLC unless stated otherwise. Thank you!**

05/05/2026

Last week, a 30-year fixed-rate mortgage averaged 6.30%, up from 6.23% the week before, according to Freddie Mac's Primary Mortgage Market Survey.

The rate market ended on a calm note last Friday, with our thanks going to the slew of headlines suggesting that peace negotiations were at least being attempted by the U.S. and Iran. We knew that any major escalation or de-escalation could make the bond market look completely different come Monday morning, and that's exactly what we saw today. Right out the gates on this first trading day of a new month, headlines telling of new escalations in the Middle East sent rates to the highest they've been in more than four weeks. The dramatic reaction made it quite clear that a sweeping peace agreement with Iran could change the tone at any moment and potentially bring rates down in a big way. Although additional progress toward a resolution (or lack thereof) is the most likely source of volatility for rates this week, markets have still shown some willingness to react to the more consequential economic data, such as this Friday's jobs report. With weaker numbers expected for the month of April, the end of this week is where we might find some reprieve, if negotiations don't get it done first.

Need to be ready to make offers this weekend? Let's meet! We can talk through the process, answer all your questions, and complete the loan application, review documents, pull credit, and even run through a payment scenario so that you can walk out with some certainty and a plan!

**Interest rates derived from Freddie Mac's Primary Mortgage Market Survey represent average interest rates across the US and do not represent the interest rates of OHn Home Loans LLC unless stated otherwise. Thank you!**

04/29/2026

Rates declined last week, coming in at 6.23% for the average rate locked on a 30-year fixed-rate mortgage, according to Freddie Mac's Primary Mortgage Market Survey, but an increase to that average is expected for this week as the bond market grapples with war uncertainty extended indefinitely.

It's Fed Day, and Jerome Powell gave departing remarks at his final post-meeting Press Conference as outgoing chair, congratulating incoming chair Kevin Warsh, who has advanced to the Senate for final vote and confirmation. Powell did indicate he plans to remain on the board for as long as he feels appropriate to do so, which will be the first time that a former chair has stayed on since 1948. To no one's surprise, the Committee voted to leave the Federal Funds Rate unchanged at its current range of 3.5%-3.75% where it's been for 4 1/2 months. Feeling that current policy is mildly restrictive and just on the high end of neutral, Powell noted that the Fed is well positioned to move that range in either direction, and will do just that if and as necessary to accommodate changing economic conditions. The next two quarters will be watched very closely to see that the one-time price increases from tariffs have fallen off, as well as the impact of higher oil prices for a not-so-short period of time. When asked what action the Committee might take if oil prices are still at current levels by the next meeting, Powell affirmed the reality that --at some point-- a move would need to be made and could come as soon as that next meeting. All told, the majority of today's weakness can and should be attributed to the longer-term blockade of the Strait of Hormuz, as opposed to any action or commentary made by the Fed.

Tomorrow we'll be back to waiting on cooler inflation and a definitive resolution in the Middle East. Waiting is hard, so why don't we grab a cup of coffee? We are always happy to take time to meet to talk through strategies on how to navigate market conditions!

***Interest rates derived from Freddie Mac's Primary Mortgage Market Survey represent average interest rates across the US and do not represent the interest rates of OHn Home Loans LLC unless stated otherwise.***

04/23/2026

Attention Sellers! If you're thinking of selling your home, come on over to the Castle Rock Library this evening to load up on the strategies that will increase your marketability and the bottom line of your sale.

Where: Castle Rock Library | 100 S Wilcox St, Castle Rock, CO 80104
When: Thursday, April 23 from 5:30 to 7:00 PM

04/20/2026

Dropping to their lowest in over a month, rates averaged 6.30% for a 30-year fixed-rate last week, according to the Freddie Mac Primary Mortgage Market Survey.

Bond trading was much flatter last week, while markets waited for things to either get much worse or much better, or really just for the Strait to open, as that shipping lane is what will have a short or longer-term impact on inflation. Heading into the weekend, all indications were about as promising as they had been that the war was moving toward a peaceful conclusion. Opening with a little less certainty this morning, the market agreed to let things play out after headlines called the peace process into question. We do expect Wednesday to carry a bit more risk of volatility in rates as the ceasefire expires that evening, but with traders believing that both sides would rather be done with this conflict than escalate, markets could also be completely unphased until there is actually something to react to. If economic data has any chance of moving the needle this week, Tuesday morning is when we'd find out via Retail Sales for March. Headline sales are expected to be sharply higher due to gas prices, but markets will be looking past this data to the Core Control Group, which excludes the volatile items like gasoline. If sales are flat or down, those weaker numbers would suggest that inflation-squeezed spending power is finally slowing the economy, which would be good for mortgage rates.

For a deeper dive into these topics or other market updates, give us a call!

***Interest rates derived from Freddie Mac's Primary Mortgage Market Survey represent average interest rates across the US and do not represent the interest rates of OHn Home Loans LLC unless stated otherwise.***

04/13/2026

Freddie Mac's Primary Mortgage Market Survey shows rates settling into their new range, with the average rate locked on a 30-year fixed-rate mortgage decreasing to 6.37% last week. (Rates were a full 0.25% higher this time last year!)

We got our first look at the impact of higher oil prices on Friday. March CPI data showed headline inflation surging 0.9% - the sharpest rise in nearly two years - bringing the annual rate to 3.3%, up from 2.4% in February. However, core inflation (which excludes food & energy) matched the previous month's pace at 0.2%, indicating underlying price pressures were contained. With YOY core inflation coming in at 2.6% and below expectations, the market managed to avoid additional volatility. Heading into the weekend, the big news was the U.S. and Iran meeting to negotiate a peace deal, but with those talks failing, the new market-mover was the U.S. response: a blockade of the Strait of Hormuz. This sent oil prices sharply higher with 10 Year Treasury yields following (albeit not in as threatening a way as we've seen on many recent occasions). As the day progressed, bonds moved into positive territory on headlines that Iran is evaluating the abandonment of its uranium enrichment program. Bonds do seem to be increasingly desensitized to war-related headlines, but with a light economic calendar this week, geopolitical news is still likely to be the biggest motivator of movement for better or worse.

If you've got questions, we'd love to provide the answers! Give us a call and let know how we can support you!

***Interest rates derived from Freddie Mac's Primary Mortgage Market Survey represent average interest rates across the US and do not represent the interest rates of OHn Home Loans LLC unless stated otherwise.***

03/31/2026

Driven by Federal Reserve policy uncertainty, rates have risen to 6.38% for the average 30-year fixed-rate mortgage, according to last week's Freddie Mac Primary Mortgage Market Survey.

War headlines remain the dominant focus for bonds this week, but now that traders have priced in most worst-case scenarios, we could be starting to feel out a ceiling for this new rate range. Giving into anticipatory fear like a startled cat over what may or may not be coming, including Fed rate hikes to combat higher inflation that may or may not be rising, none of the activity we've witnessed in the rate market over the past month is actually based on realized data. It's also worth mentioning the role of timing here and the doubt that mortgage rates would have spiked so dramatically had they not dipped to the lowest levels in several years just before the Iran conflict began. Follow me... had 10-Year Treasury yields been closer to the 4.25% they were at starting off the month of February, as opposed to 3.943% the day before the war, the move to 4.4%+ at market close last Friday would have felt a lot less violent. With the initial shock effectively baked in, we can now begin moving into the "fact phase" of the market's reaction to the turmoil. A shiny new month brings all those critical reports that will define the reality of the economic situation. We won't get our first official look at inflation data that fully accounts for the war’s impact until next Friday (4/10) with the release of the March Consumer Price Index, but even though this next installment is expected to reflect an increase, it's really the Personal Consumption Expenditures (PCE) report that will tell the truest tale about inflation. We'll have to wait until the end of April to see that one, but there will be clues before then. Consumer Sentiment will also be out next Friday. If sentiment has dropped, it could serve as a precursor to PCE, indicating to the market that consumers have or will be changing spending habits as a result of higher fuel prices, and a reading that incorporates that "substitution effect" is what the Fed really cares about.

The spring housing season has definitely sprung! Buyers are facing competition and need a strong team behind them to win the deal. If your lender isn't your strongest link, we better get coffee! Have a wonderful week!

***Interest rates derived from Freddie Mac's Primary Mortgage Market Survey represent average interest rates across the US and do not represent the interest rates of OHn Home Loans LLC unless stated otherwise.***

03/10/2026

Managing to hold onto positive ground, rates averaged 6% for a 30-year fixed-rate mortgage last week, according to Freddie Mac's Primary Mortgage Market Survey.

This week, it's a lot more clear just how much of an impact the conflict in the Middle East is having on the bond market -- or rather, not having. Although impossible to ignore the upward pressure that higher oil prices are having, and though we did begin the week with rates at their highest levels in nearly a month, they are nowhere near as high as they were as recently as seven weeks ago. Oil prices surged today in one of, if not THE largest intraday moves on record, but mortgage rates maintained a relatively level head. Which goes to show -- and should bring a great deal of comfort to know -- that the prevailing motivation for movement in bonds and treasury yields will almost always be inflation and jobs. We actually owe a great deal of thanks to Friday's jobs report, which turned out to be one of the weakest in years, delivering a higher unemployment rate and a job count falling deeply into negative territory. Over the course of the day today, both mortgage bonds and oil prices cooled considerably, bringing rates back in line with those seen mid-week last week.

There's a lot of news out there and it can be hard to make sense of it all sometimes. We promise to give it to you straight! Never hesitate to reach out with questions!

***Interest rates derived from Freddie Mac's Primary Mortgage Market Survey represent average interest rates across the US and do not represent the interest rates of OHn Home Loans LLC unless stated otherwise.***

02/24/2026

According to Freddie Mac's Primary Mortgage Market Survey, rates for the average 30-year fixed rate mortgage dropped to just 6.01% last week. Could we BE any closer to 6%???

We actually dipped just below that 6% threshold today, with interest rates hitting their best levels since 2022! On Friday, the Supreme Court ruled against the Trump Administration's means of imposing tariffs. The result has brought some uncertainly to the stock market and a little flight-to-safety bond buying to start off the week. But even before that ruling, we were already getting a taste of some of the lowest interest rates in over 3 years. Sure, the unemployment rate may have ticked back down to 4.3% in January, but the unemployment trend is still on the weaker side. The advance estimate for Q4 GDP came in way below forecasts. And January's Consumer Price Index (CPI) reading showed up lower than expected, too, with Headline CPI hovering just over the 2% target at 2.4%. News headlines will come and go, but these are the data points that mortgage interest rates really care about, and bonds are saying "what's not to like?!"

How YOU doing? The spring housing market is already heating up! With multiple and competing offers, over-asking prices, and even a few appraisal gaps, this is the moment you've waited for. Give us a call if we can help!

Brianna Collette, NMLS# 2013393 - OHn Home Loans, LLC

06/15/2026

05/18/2026

05/05/2026

04/29/2026

04/23/2026

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02/24/2026

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