April Offers Fresh Opportunities in Mortgage Rate Trends

Mortgage rates rose nearly half a percentage point in March due to inflation fears linked to the Iran conflict, which threatens global supply chains and commodity prices. Rising bond yields, influenced by inflation concerns, have pushed mortgage rates higher. Rates may continue rising with inflation and potential Federal Reserve hikes. While a recession could lower rates, it would come with economic costs. Buyers should avoid waiting for lower rates and focus on financial readiness.