April Mortgage Predictions: How Will Tariffs Impact Spring Homebuying

On Wednesday, President Trump announced aggressive reciprocal tariffs on multiple other countries, as well as a 25% levy on all foreign automakers. The move has investors, businesses and everyday consumers worried about a global trade war. However, questions remain over how these duties will upend supply chains and impact prices and interest rates. Given the vast number of "unknowns" in the economy — from Trump's trade agenda and stock market swings to federal jobs slashing — it's surprising mortgage rates haven't been more volatile. Over the last several weeks, mortgage rates have fluctuated in a narrow range, 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 Investors are still waiting for more conclusive takeaways, as concerns over lingering inflation and a potential ... Read full article.