MARKET UPDATE

VOLATILE WEEK, HIGHER RATES

Markets were rattled by tariff drama this week, sending rates on a rollercoaster. Cooler-than-expected inflation data helped calm things slightly, and the Fed is expected to hold steady on rates in May.

This morning, the average lender is offering top-tier conventional 30-year fixed rates near 7.10% with no points (source: Mortgage News Daily), up from last week Friday which was 6.55%.

Rates & Portland Market Takeaways:

• Rate volatility is high - staying pre-approved and rate-aware is more important than ever
• Seller-paid rate buydowns can make a big difference
• Uncertainty = opportunity - when fewer buyers are active, motivated ones stand out

As always, feel free to share this or reach out if you need anything— I’m only an email, call, or text away :)