Mortgage

Earlier this March, mortgage rates briefly hit their lowest levels in four years, sparking optimism and activity. Since then, rates ticked slightly higher, influenced by global uncertainty—including rising tensions in the Middle East and higher oil prices. When uncertainty rises, the bond market reacts—and mortgage rates follow. At the same time, the Federal Reserve is patient. Chair Jerome Powell has made it clear there’s no easy path forward. The labor market is softening slightly, while inflation remains mixed. Core PCE sits at roughly 3.1%, keeping the Fed from making aggressive moves. The result? Rates aren’t falling fast—but they aren’t spiking the way we’ve seen before. For buyers and homeowners, that creates opportunity—but only if you know how to navigate it.