Mortgage Rates Not Too Far From 8 Month Lows
Friday's mortgage rates ended up being right in line with Thursday's on average. At 6.72%, the MND daily rate index is as low as it's been since early April when it hit 6.60%. If you're thinking that 6.72 doesn't sound much higher than 6.60, you're right! Mortgage lenders tend to offer rates in 0.125% increments, so we're really only one notch away from those lows. After that, we'd need to go all the way back to October to see anything lower. While the mortgage market can languish sideways for weeks without moving outside a 0.12 range, there are also more than a few examples of that much movement in a single day, provided the news is sufficiently inspiring. The catch is that the movement could occur in either direction. In a general sense, the recent improvement has been a byproduct of slightly softer economic data and inflation. There are key reports that speak to those metrics over the next two weeks. Rates have more room to fall if the data shows a continued softening, but could spike abruptly if employment surges or tariff-driven inflation actually materializes.
Categories
- All Blogs (516)
- #homesecurity (1)
- austin (3)
- College Station (3)
- contract (2)
- downpayment (2)
- dscr (3)
- expiredlisting (1)
- home (1)
- homebuyer (8)
- homedidntsell (1)
- homesforsale (4)
- investment (2)
- investor (2)
- lubbuck (2)
- mortgage rates (4)
- movingtotexas (3)
- newconstructionhomes (1)
- nextgenhome (1)
- rentalproperty (1)
- Round Rock Texas (2)
- team (1)
- TexasA&M (2)
- TexasState (2)
- TexasTech (2)
- thingstoknow (1)
- tylertexas (2)
- UniversityofTexas (2)
- va (1)
- zerodownhomeloans (2)
Recent Posts

What Does “Short Sale” Mean When Buying a House?

First-Time Homebuyer? Let’s Talk About Realistic Expectations (and Why That’s Okay!)

First-Time Homebuyer? Here’s What to Buy Right After You Move In

HOA Questions You’ll Wish You Asked Before Buying

Pre-Approved But No Loan Estimate? Here’s Why Lenders Wait Until You’re Under Contract

Closing on Your Home? Here’s Why a Notary Might Be Coming to You (And How to Stay Safe)

Can’t Sleep Because My Mortgage Is in Conditional Approval? Here’s What Underwriting Might Still Ask For

Nice Commute or Nice House? How to Choose What Matters Most

How to Buy a Manufactured Home with Land: A Step-by-Step Guide

Still Waiting on Your Appraisal? Here’s Why It Might Be Taking So Long

