Mortgage rates have remained relatively stagnant over the past few weeks, hovering below 7%, but changes may be on the horizon.
William Raveis Mortgage Regional Vice President Melissa Cohn joins Asking for a Trend to highlight that President Trump’s new tariffs could even push rates higher for homebuyers.
“Well, volatility makes banks tend to be more conservative in terms of their pricing. It increases the margin above the ten year [yield] (^TNX) that the spread that the banks place on a 30-year-fixed rate morgage. You know volatility is a bad thing just as inflation is,” Cohn says. “So until the volatility calms down and banks are willing to reduce their margins, that’s going to also keep rates, you know, inflated.”
Additionally, Cohn discusses how many people pulled home listings due to being locked into low mortgage rates, waiting to see how interest rates evolve in the spring.
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This post was written by Josh Lynch