by Calculated Threat on 4/21/2025 07:33:00 PM
From Matthew Graham at Mortgage Information Every day: Mortgage Charges Bounce Again Towards 7%
The most recent headlines contain heavy criticism of Fed Chair Powell on the a part of The President. With none touch upon whether or not that criticism is justified, we will nonetheless observe that markets discover it unsettling. Merchants are expressing that sentiment by pushing shares decrease and charges larger.
Mortgage charges jumped pretty sharply right now, with the common lender shifting up from 6.87% to only underneath 7.00% for high tier 30yr mounted eventualities. [30 year fixed 6.98%]
emphasis added
Tuesday:
• At 10:00 AM ET, Richmond Fed Survey of Manufacturing Exercise for April.
