Mortgage Rates Drop Meaningfully Over The Weekend
Mortgage News Daily • • business
Key Points:
- The average top-tier 30-year fixed mortgage rate remains above 6.5%, rising to 6.64% by Friday afternoon, marking its highest point since August 2025.
- Rates had been below 6% just a month ago but have experienced rapid upward movement throughout March.
- Over the weekend, mortgage rates showed a positive recovery, offering a short-term victory despite the overall upward trend.
- The bond market broke its usual correlation with oil prices amid severe volatility caused by the Iran war, complicating inflation expectations.
- It is currently unclear whether these market behaviors are temporary or indicative of longer-term economic shifts.
