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Roger Rabbit, Loan Officer
(888) 777-5555


Forecast for the week of April 27, 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 better


Average mortgage rates among lenders improved slightly last week compared to the week before, helped by the Fed's bond purchase program and a stable mortgage bond market.

This Week's Mortgage Rate Forecast

Mortgage Rate Forecast: Rates likely to remain low


Mortgage rates should remain stable, meaning we could see small movements up or down but are not likely to see a large move either way. For some borrowers rates will remain the same but may have higher closing costs or points. If you're looking at closing soon, be sure to discuss your unique situation with your mortgage professional to decide if now is a good time for you to lock in your rate.

What's affecting rates this week:

  • The Fed: Holding its Federal Open Market Committee meeting, will release a statement on Wednesday but is not expected to raise or lower rates. Continued bond buying is keeping rates low.
  • Forbearance requests: Borrowers requesting forbearance from mortgage payments are causing issues among mortgage servicers, pressuring rates higher. If you're considering forbearance, talk to a mortgage professional first to fully understand the pros and cons.
  • Economic data: Although there's more data this week, it's not likely to cause much movement in 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 (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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Hammer Solutions, LLC 260 Leaping Cat Ln Waynesville, North Carolina 28785 United States (973) 200-6808