If you're thinking about buying a home or refinancing, here's some good news: mortgage rates just fell to their lowest point since October 2024. That’s right—rates are down, and it’s because of a big move in the bond market driven by a key economic report.
So, what happened?
Every month, experts look closely at the jobs report—a snapshot of how the U.S. economy is doing in terms of employment. This report has a big impact on the bond market, and bonds are one of the main drivers of mortgage rates.
On Friday, the jobs report showed data that made investors feel more confident about buying bonds. When more people buy bonds, their prices go up and yields (which influence mortgage rates) go down. That’s exactly what happened.
Why it matters for you:
The market shift was so significant, some lenders didn’t even finish adjusting their rates before the weekend. But as of Monday, rates continued to dip because the bond market stayed stable—and even improved slightly.
As a result, mortgage lenders are now offering the lowest rates we’ve seen since October 2024.
What Should You Do?
Buyers: This rate drop could mean lower monthly payments and better loan terms. If you were waiting for the right time, this could be your chance to lock in a deal.
Homeowners: If you’ve been considering refinancing, this is a window worth exploring—especially if your current rate is higher than what’s now available.
The Takeaway
This kind of opportunity doesn’t always stick around. Rates can move quickly depending on economic news, investor sentiment, and global events. The best move? Talk to a mortgage advisor and explore your options now—before the market shifts again.
#MortgageRates2025 #BondMarketNews #HomeBuyingTips #RefinanceOpportunity #JobsReportImpact #RealEstateUpdate #MortgageAdvisor #InterestRateDrop
Source: Mortgage News Daily
We've been helping customers afford the home of their dreams for many years and we love what we do.
Company NMLS: 1614643
For licensing Informmation go to:
www.nmlsconsumeraccess.org
State of Illinois, Division of Banking
Illinois Department of Financial and Professional Regulation (IDFPR)
555 West Monroe Street, 5th Floor
Chicago, IL 60661
Telephone Number: 1-888-473-4858
6515 Stanley Ave. Suite 2
BERWYN, Illinois 60402
Phone: (773) 720-4971
mauricio_echavarri@outlook.com
The Department of Financial and Professional Regulation (Department) evaluates our performance in meeting the financial services needs of this communnity, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encourage. You may obtain a copy of our evaluation once the Department completes our first evaluation. You may also submit a signed, written comments about our performance in meeting community financial services needs to the Department. We will update this notice when our first evaluation has been issue.
Powered By LenderHomePage.com