Forecast plus what’s driving mortgage rates today

Average mortgage rates fell appreciably yesterday. And suddenly they’re matching the record low seen on April 9. Wow! Such bargains were unthinkable a couple of months ago.

Should you wait for them to go down further? Maybe. But you’d be taking a big risk. We think we may be in for yet lower rates. But there are no guarantees. And there are likely to be periods of rises ahead, whatever the overall trend. You might think about locking as close to yesterday’s historic low as you can get.

Find and lock current rates. (Apr 25th, 2020) Program Rate APR* Change Conventional 30 yr Fixed 3.563 3.563 Unchanged Conventional 15 yr Fixed 3.563 3.563 -0.06% Conventional 5

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