Mortgage Rate Predictions: Rates Fluctuate Over Economic Uncertainty

This week, mortgage rates are mainly driven by the financial market's wariness over President Donald Trump's economic policies. The Federal Reserve's decision-making body voted on March 19 not to reduce or raise its benchmark interest rate in order to evaluate the impact of the administration's trade and austerity measures. "Tariffs and geopolitical uncertainty are adding another layer of volatility. It's like watching a seesaw: short-term swings, but the long-term trend is what matters." Nicole Rueth, SVP of the Rueth Team Powered by Movement Mortgage Any monetary policy changes by the Fed regarding interest rates will influence overall borrowing rates, including for home loans. Mortgage rates are also affected by longer-term Treasury bonds, inflation trends, labor market dynamics and international conflict. The central bank is projecting at least two interest rate cuts in 2025, with investors betting on the first this summer. But it's unclear whether mortgage rates will go on a co ... Read full article.