May 7, 2025

Mortgage Rates Hold Steady—Then Dip Slightly

Mortgage rates held steady this morning, with most lenders offering the same pricing as yesterday. This stability was thanks to a modest overnight improvement in the bond market. Rates were poised to stay flat—until the afternoon’s 10-year Treasury auction came into play.

That auction ended up being the catalyst for a slight shift downward. Why? Because mortgage rates are closely tied to mortgage-backed securities, which often move in tandem with U.S. Treasuries. When Treasuries see strong demand—like we saw today—it signals investor confidence and can help push interest rates lower.

While today's change wasn’t huge, it was enough for many lenders to make small improvements to their rate sheets. It’s a good reminder that even routine events like Treasury auctions can sway the market, and why staying informed matters.

In the broader picture, this dip is encouraging for homebuyers and those looking to refinance, but rates will continue to be driven by bigger economic reports and fiscal policy decisions in the weeks ahead.

What does this mean for you?

If you’re thinking about buying, refinancing, or tapping into your home’s equity, this could be a great moment to check in. A small rate shift can make a meaningful difference in your monthly payment or what you qualify for.

📞 Let’s connect and talk through your options—whether you’re ready now or planning ahead.
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