Mortgage Rates Were Calm This Week
Hi all, Happy Saturday!
Rates barely moved this week…. and I mean barely.
Mortgage rates have been stuck in a very tight range since early last week. We see this happen a few times a year. Sometimes it leads to a bigger move shortly after. Other times… nothing happens at all.
Right now, the market is basically waiting.
Most of the indecision comes back to world politics/headlines. When the war escalated, oil prices and bond yields rise. When things look more peaceful, they settle down. This week we saw a little uptick again as the ceasefire situation stayed… foggy…?
Economic data didn’t give the market much to use. Retail Sales on Tuesday was the only real standout, but even that took a back seat to war headlines and strong corporate earnings…. Aaannnddd stocks actually pushed to another all time high?
Looking ahead, next week has more data on the calendar, but markets will likely keep reacting to the same two things:
- War related news
- Big economic reports that actually shift inflation expectations
There’s also a Fed announcement on Wednesday, but expectations there are pretty clear… no rate cut, no hike.
Longer term, expectations have cooled a lot. Before the war, markets thought we’d get at least two Fed cuts in 2026. Now? Zero.
TLDR: things are quiet right now… but this type of quiet doesn’t usually last forever.
You can get a no hassle mortgage rates right here in the sub: https://www.reddit.com/r/HomeLoans/comments/1s9nwse/april_2026_mortgage_rate_megathread/