Rates bounced around this week, ended about where they started

Not much changed this week, even though it felt bumpy. Rates dipped early in the week as the Iran peace deal moved forward. Then Wednesday the Fed released new projections that showed more members expecting rate hikes by year-end than the market had priced in. Rates jumped. By Friday most of that spike faded for the longer loans like mortgages. Short-term stuff stayed higher, but your 30-year rate? It basically finished the week flat.

Today's average 30-year fixed sits at 6.375% APR. That's still elevated compared to last fall, but it hasn't moved much in the past few weeks. If peace in Iran holds and oil stays calm, we could see slow improvement from here. Nothing dramatic, just steady.

When you're ready to run real numbers for a buyer or refi client, give me a call. I answer my own phone and I'll walk you through what works today.