MARKET UPDATE

RATES DROP AGAIN

Mortgage rates continued their downward trend this week, reaching their lowest levels in four months.This morning, the average lender is offering top-tier conventional 30-year fixed rates near 6.74% with no points (Source: Mortgage News Daily), marking six straight weeks of declines.

Why are rates dropping?

• Treasury Focus on Lower Yields: The yield has fallen from 4.62% to 4.25%, pulling mortgage rates down with it.
• Oil Prices & Inflation: A sharp drop in oil prices—from $80 to $68 per barrel—is acting as a disinflationary force.
• Global Uncertainty Boosting Bonds: Concerns over economic slowdown, potential tariffs, and government spending cuts have investors shifting into bonds, helping rates move lower.

What this means for us? Rates have been falling, but expect some volatility. As always, feel free to share this and let me know if you need anything— I’m only an email, call, or text away :)