MORTGAGE RATES: LOWEST SINCE 2022!

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MORTGAGE RATES: LOWEST SINCE 2022! (End-of-Week Market Recap)

This week ended calmer than it started. After Thursday’s short-term liquidity scare pushed yields around, markets cooled off Friday as tariff talk softened. Net result: mortgage lenders held pricing steady and the average 30-year fixed finished near the lowest levels since late 2022 (roughly in line with September’s lows).

Why flat instead of higher today? Lenders still had cushion from Thursday’s rally, which offset Friday’s mild bond give-back. Translation: rates didn’t budge even as Treasuries ticked up a hair.

Thinking about a purchase or refi while rates are hovering near multi-year lows? Let’s map your numbers.

 

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Econ note: NY Fed Manufacturing surprised to the upside (10.7 vs. -1.0 forecast).