Mortgage Rate Predictions for April: How Will Tariffs Affect Spring Homebuying?

Mortgage rates have fluctuated in a narrow range over the last several weeks, with the average 30-year fixed rate beginning and ending March at 6.75%, according to Bankrate data. "The keyword right now is uncertainty... Mortgage rates are in a holding pattern of sorts." Colin Robertson, founder of mortgage news site The Truth About Mortgage Given the vast number of "unknowns" in the economy — from President Trump's trade agenda and stock market swings to federal jobs slashing — it's surprising mortgage rates haven't been more volatile. Investors are waiting for more conclusive takeaways, as concerns over lingering inflation and a potential recession keep pressure on financial markets. That's put mortgage rates, which are linked to the bond market, at an impasse. "The keyword right now is uncertainty," said Colin Robertson, founder of mortgage news site The Truth About Mortgage. "Nobody knows what tomorrow holds when it comes to tariffs or government policies, and thus mortgage rates ... Read full article.