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Forecast for the week of April 11, 2020

Knowing where interest rates are headed may help you to obtain a lower rate or lower fees.

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

Last Week's Mortgage Rate Recap

Rates were slightly higher

Mortgage rates still volatile, meaning we are seeing rates change daily and sometimes during the same day in what lenders call a "reprice", although much less so than previous weeks. Rates ended the week slightly higher on a national average, although this may not necessarily have been the case for your lender.

This Week's Mortgage Rate Forecast

Mortgage Rate Forecast: Rates likely to move up and down through the week

Mortgage rates are likely to continue to move up and down as the week progresses, meaning you should stay in close contact with your mortgage professional if you are in a position to lock your loan interest rate. For those that are monitoring rates for refinances, this week may bring periods of slightly lower rates, but rates are not likely to drop too far from here.

What's affecting rates this week:

• The Fed: Fed bond buying (called quantitative easing) is helping to stabilize rates and is keeping rates low.
• Unemployment: Huge amounts of borrowers unable to make their mortgage payments are causing investor concerns that are playing a role in stopping rates from falling further.
• COVID-19: Concerns over the economic fallout of the crisis continue to help keep rates low.

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 (888) 777-5555.

Interest Rate Forecast and Commentary provided by:

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All information provided is for informational purposes only, and we assume no responsibility to any person who relies on information contained in this report, and disclaim all liability in respect to decisions or actions or lack thereof based on any or all of the contents of this report.