by Calculated Risk on 4/07/2025 07:20:00 PM
While there was certainly some volatility surrounding news headlines that were less than credible (specifically, that Trump was considering a 90 day pause on Tariffs), bonds maintained steady selling pressure all day.
As a result, mortgage lenders were under progressive pressure to bump today’s mortgages rates higher several times. The net effect is that we’ve moved from 2025’s lowest rates to highest since late February in the space of 24 hours. That said, today’s highs are right in line with many other days from the past several weeks. [30 year fixed 6.82%]
emphasis added
Tuesday:
• At 6:00 AM ET, NFIB Small Business Optimism Index for March.