by Calculated Risk on 4/14/2025 07:54:00 PM
From Matthew Graham at Mortgage News Daily: Mortgage Rates Fall Back Below 7%
Last Friday was notable in that it was the first day since February 19th where the average top tier 30yr fixed mortgage rate ended the day over 7%. Last week was also notable for ranking among the more abrupt weeks for rising rates over the past few years.
Things are getting off to a friendlier start in the present week with the 30yr fixed rate index edging back below 7%–roughly in line with levels seen last Wed/Thu. [30 year fixed 6.98%]
emphasis added
Tuesday:
• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for April. The consensus is for a reading of -10.0, up from -20.0.
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