r/HomeLoans

I am currently in the process of buying a home. In fact the loan is currently conditionally approved pending two things: the appraisal (which is ordered and I know will go well) and the other is needing documented proof of a payment plan from the IRS for the money I owe after filing my 2025 taxes.

I have absolutely no problem paying off what I owe or setting up a payment plan, but the IRS has nothing processed for 2025. So I'm unable to set up a payment plan and I can't even make a payment towards what I owe that the lender would accept. I have a general idea of what I owe, but an extra $800-1100 debt doesn't look good on paper and especially if there's no plan in place to pay it off. And, from what I can find online, it looks like the IRS usually doesn't get everything processed until the end of May to mid-June which is not going to work because I need a payment plan sometime this week so we can close May 13th.

I'm worried that this is going to end up ruining the chances of closing on the loan. Am I really going to lose the loan or am I just dealing with house-buying jitters?

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/

At risk of losing my loan?

Mortgage Rates Were Calm This Week