by Calculated Risk on 5/05/2025 07:15:00 PM
From Matthew Graham at Mortgage News Daily: Mortgage Rates Roughly Unchanged to Start New Week
Mortgage rates faced a slight headwind on Monday as economic data caused weakness in the bond market. This would typically result in higher mortgage rates, but in today’s case, the damage was minimal.
One thing to keep in mind is that mortgage rates don’t change in real time with the market. Lenders set rates once in the morning and only change them when the bond market experiences a certain threshold of volatility. A small handful of lenders met that threshold and ended up raising rates this afternoon, but the average lender remained right in line with Friday. [30 year fixed 6.82%]
emphasis added
Tuesday:
• At 8:30 AM: Trade Balance report for March from the Census Bureau. The consensus is the trade deficit to be $129.0 billion. The U.S. trade deficit was at $122.7 billion in February as importers rushed to beat the tariffs.
