Riding the Mortgage Rate Roller Coaster - What You Control Right Now!

If you've been watching mortgage rates lately, you're probably feeling a little dizzy. One day they dip. The next day they climb back up. It’s been a bit of a roller coaster—and if you're trying to figure out whether now’s a good time to buy, I get it. It’s confusing, and sometimes even downright frustrating.

After a relatively calm March, April brought a fresh wave of volatility, as seen in recent data from Mortgage News Daily. This kind of movement is pretty normal when economic shifts are in the air, but it doesn’t make it any easier to navigate.

Here’s the truth: you can’t time the market perfectly—no one can. Mortgage rates will always fluctuate. But here’s the good news: you’re not powerless. There are still a few key things you can control to set yourself up for the best mortgage rate possible, no matter what the market’s doing.

1. Your Credit Score

Your credit score plays a big role in the rate you’ll qualify for. Even a small bump in your score could lower your monthly payment significantly.

As Bankrate explains: “Your credit score is one of the most important factors lenders consider when you apply for a mortgage… the higher your score, the lower the interest rates and better terms you’ll qualify for.”

If you're unsure where your score stands—or how to improve it—reach out. I’m happy to help walk you through it or recommend resources to get you on track.

2. Your Loan Type

Not all loans are created equal. Whether it's a Conventional, FHA, VA, or USDA loan, each has its own perks and eligibility guidelines.

As the CFPB notes: “Rates can be significantly different depending on what loan type you choose.”

The right loan for you (or your client) depends on financial goals, income, credit profile, and more. Let’s talk through your options so you can make an informed decision.

3. Your Loan Term

The length of your loan—15, 20, or 30 years—also affects your rate, monthly payment, and total interest over time.

Freddie Mac puts it like this: “Your loan term will affect your interest rate, monthly payment, and the total amount of interest you will pay over the life of the loan.”

Shorter terms usually come with lower interest rates but higher monthly payments. We'll weigh the pros and cons together so you're choosing the term that fits best.

Bottom Line: Focus On What You Can Do

We may not be able to predict where rates will go tomorrow, but you can still take action today to make the smartest move possible.

Whether you're buying soon or just starting to explore your options, now is a great time to get your ducks in a row. And if you're an agent helping buyers, this is the kind of insight that can help your clients feel empowered instead of overwhelmed.

Let’s chat. If you’re ready to run numbers, compare loan options, or get prepped for when the right home hits the market, I’m just a call or message away. I’m here to help you make confident moves—no matter what the market’s doing.

📩 Reach out today and let’s create a strategy that works for you.

#JPHomeLoans #MortgageBroker

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The VA Loan Secret Weapon: Seller Concessions Explained

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What You Need to Know About Non-Occupying Co-Borrowers for FHA and Conventional Loans