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Forecast for the week of April 17, 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 improved

On average, mortgage rates improved last week, with some borrowers seeing slightly better rates while others just saw better closing cost rebate pricing. Rates were helped by Fed quantitative easing, and were more stable than weeks past.

This Week's Mortgage Rate Forecast

Mortgage Rate Forecast: Rates likely to be unchanged or slightly worse

Mortgage rates could be pushed slightly higher this week, pressured by market conditions making it harder to securitize and service mortgages after they have been originated and processed. Rates will still remain low though, and anyone considering buying a home or refinancing should talk about their unique situation with a mortgage professional for better guidance.

What's affecting rates this week:

• The Fed: Fed bond buying (called quantitative easing) is helping to stabilize rates and is keeping rates low.
• Forbearance requests: Borrowers requesting forbearance from mortgage payments are causing liquidity concern among mortgage servicers, pressuring rates higher. If you're considering forbearance, talk to a mortgage professional first to fully understand the pros and cons.
• 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:

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.

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