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Forecast for the week of April 5, 2021

Please enjoy this complimentary mortgage rate forecast provided to keep you informed of where interest rates may be headed, and to help you gain the advantage when securing low rates and payments.

Last Week's Mortgage Rate Recap:

Rates were slightly improved

Average mortgage rates last week held steady, a good sign after seeing rates creep up the last couple months.

This Week's Mortgage Rate Forecast:

Rates likely to hold steady, maybe slightly improve

Average mortgage rates will likely move around a bit day-to-day this week, but should end the week similar to where they started or even a bit better. While it is not likely that rates will make any huge strides this week, it is likely to see improvement in rebate pricing (the credit you get towards closing costs from your lender, or the fee you pay to get a lower rate, often called 'points'). It is a great time to discuss getting prequalified to buy a new home or to consider refinancing the home you have now. Talk with your mortgage professional who shared this with you for details.

What's affecting rates this week:

• Fed comments: This week we will get the minutes from last month's Fed meeting, but there is unlikely to be anything surprising to investors that would cause rates to move.
• Economic data: There is not a lot of data this week, and what we do have is unlikely to cause any movements in rates.
• Fed speech: Fed Chair Jerome Powell will be speaking at the IMF meeting on Thursday, but it is unlikely to affect rates.

If you would like to discuss interest rates further or find out the benefits of locking your rate today, please contact your mortgage professional at or .

Interest Rate Forecast and Commentary provided by:

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