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Forecast for the week of April 11, 2022

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 in securing low rates and payments.

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Last Week's Mortgage Rate Recap:

Rates slightly worse

After a brief pause the previous week rates moved higher once again, this time because of Fed comments that it will be more aggressive in trying to reign in inflation. The moves the Fed would make to get inflation under control will slow down the economy and push consumer rates higher, so mortgage rates are reacting by moving higher.

This Week's Mortgage Rate Forecast:

Rates could rise

Mortgage rates have been steadily rising since the beginning of the year, and that trend doesn't look ready to end this week. With a full week of economic data ahead of an early close for the Easter holiday, we could see volatility but ultimately are likely to see rates continue to worsen heading into next week. Be sure to stay in touch with your mortgage professional.

What's affecting rates this week:

• Economic data: Lots of data this week including consumer and wholesale inflation data and retail sales reports, plus overseas central bank meetings and a few Treasury auctions. Any of these could affect rates this week.
• Fed speakers: Multiple Fed officials will be speaking this week, and their comments could affect rates.
• Easter holiday: Bond markets will be closed early Thursday and all day Friday in observance of Good Friday.

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 .

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