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Forecast for the week of May 3, 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 remain low


Average mortgage rates ended the week largely unchanged, maintaining some of the lowest rates seen in months. Concerns about last week's Fed meeting proved unfounded, as the Fed committed to maintaining efforts to support the economic recovery.

This Week's Mortgage Rate Forecast:

Rates will remain low


Rates this week are not likely to move up or down much, but we could see some small day-to-day movements in rebate pricing (the credit you get towards closing costs from your lender, or the fee you pay to get a lower rate, often called 'points'). There is not a lot of risk right now in seeing rates creep up if you are house hunting, and it is a great time to talk with your trusted mortgage professional if you're considering refinancing.

What's affecting rates this week:

  • Fed stimulus: Last week the Fed committed to maintaining the current pace of bond buying for the foreseeable future, which is helping to keep mortgage rates low.
  • Economic data: Although there is quite a bit of economic data scheduled for release this week, there is not much market moving data to be concerned about. However, Friday's jobs data could have an affect on rates near the end of the week.

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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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. This is not an offer to lend.


Hammer Solutions, LLC 260 Leaping Cat Ln Waynesville, North Carolina 28785 United States (973) 200-6808