Mortgage Rate Predictions for April: How Tariffs Will Impact Spring Homebuying

On Wednesday, President Trump announced an aggressive wave of reciprocal tariffs on multiple countries and a 10% universal import tax. The move, which experts say will increase domestic prices, triggered a massive stock market plunge, escalated fears over a global trade war and raised the likelihood of a recession. Questions remain over how these duties will upend supply chains and impact interest rates. Given the vast number of "unknowns" in the economy — from Trump's protectionist maneuvers 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 But volatility is still in the cards as financial markets brace for m ... Read full article.