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For Mortgage Rates, It’s One Step Forward, Two Steps Back - Data Intelligence

Summary by Plato. Vertical Search. Ai. | PlatoAiStream. Data Intelligence. Vertical Search. Ai.
It’s been a pretty solid week or two for mortgage rates. The 30-year fixed, which unexpectedly breached the key 7% psychological threshold in mid-April, is back closer to 6.75%. It’s still a lot closer to 7% than 6%, but after the worsening trade war sent rates flying, they’ve since calmed down a bit. The problem is when you zoom out, the good days haven’t offset the bad days. We’re in a worse place than where we started, similar to the stock ma…
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The Truth About Mortgage broke the news in on Tuesday, April 29, 2025.
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