March 24, 2025

Rate Movement Update: What's Happening with Lenders Today?

Mortgage rates can shift throughout the day based on the movement of bonds, which are constantly trading. While lenders generally prefer to update rates once per day, significant changes in the bond market may lead to mid-day rate adjustments.

Here’s how it’s playing out today:

• Yesterday, bond movements led some lenders to raise their rates in the afternoon, while others held steady and made their rate changes this morning.

• Today’s rates are slightly higher overall compared to yesterday, but a handful of lenders are offering modest improvements due to market movement.

In the grand scheme, 30-year fixed mortgage rates remain in a narrow, stable range, hovering around 6.75%. While it may seem like a lot of changes are happening, the bigger picture shows that top-tier rates are still within a calm range.

Stay informed and reach out if you want me to check rates for your upcoming purchase or refinance.

📩 Contact me today to get started!

#JPHomeLoans #MortgageBroker