Mortgage Rate Update: A Gentle Rise, But Still Below Weekly Highs

Mortgage Rates have been on a bit of a roller coaster this week—but nothing too wild! After peaking on Wednesday at their highest point in about a month (and nearly hitting a two-month high), rates eased back down on Thursday thanks to softer economic data.

Today (Friday), the picture is mixed. Rates nudged slightly higher in the morning due to a weaker bond market, but a surprise dip in consumer sentiment helped bonds recover. That’s good news for rates—but not quite strong enough for most lenders to adjust their pricing before the weekend.

What This Means for You:

•   Rates are slightly higher than yesterday, but still well below Wednesday’s peak.

•   Economic data continues to influence rate movement, with consumer       sentiment playing a key role today.

•   Looking ahead to Monday: If the bond market stays steady over the weekend, rates could return to Thursday’s levels. But as always, markets can shift unexpectedly.

Bottom Line: Mortgage rates are holding their ground despite some ups and downs. If you're house hunting or considering a refinance, it's a good time to stay informed—but no need to panic. Rates remain relatively favorable compared to recent highs.

SOURCE & AUTHOR | Keith Murphy Branch Manager – Essex Mortgage NMLS #330827 Direct: 714-309-1140 Apply: www.GoTeamMurphy.com