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Forecast for the week of April 12, 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 improved slightly last week, continuing to rebound after rising for seven weeks from February into March.

This Week's Mortgage Rate Forecast:

Rates could move either way this week

Average mortgage rates this week are hard to forecast and could go in either direction. There is a possibility that rates could improve slightly, depending on how investors react to this week's economic data and talk of inflation. However, if we see a negative reaction to any of the data, we could see rates lose a little bit of ground this week. Rates should remain steady though in the mid-term, meaning we shouldn't see any large rate increases and rates could get slightly better by the end of April.

What's affecting rates this week:

• Fed stimulus: The Fed continues to buy Treasuries and mortgage bonds, helping to keep rates low.
• Economic data: There is a full calendar of data this week, including inflation data on Tuesday and retail sales data on Thursday that could have an effect on rates and possibly cause some day-to-day volatility.
• Bond pricing: Lenders set mortgage rates based on the pricing of mortgage bonds, and we could see bonds lose some ground this week, pushing rates slightly higher.

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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