April delivered a wild ride for mortgage interest rates, with sharp swings up and down that were
driven by economic and political headlines.
The key drivers behind these rate swings included:
- Tariff Announcements: The ongoing Trade War and Tariffs have the markets on edge
and even small daily news announcements are driving major volatility. - Fears of Inflation: The Fed’s persistent concern about inflation—especially as tariffs
raise prices on imported goods—contributed to spikes in bond yields and upward
pressure on mortgage rates mid-month. - Stock and Bond Market Volatility: Daily swings of over 1,000 points in the Dow and
major corrections in tech and energy stocks would normally drive interest rates down but
for some reason actually caused interest rates to rise.
As of May 1st, rates are almost exactly where they were on April 1st . But most indications still
point us toward recession and economic slowdown. Historically, recessions have always brought
lower interest rates, and we expect the same result this time as well, we just don’t know how soon
that will happen.
If you’re watching interest rates for the right time to refinance, make sure you’re on our Interest
Rate Watchlist, and we’ll contact you directly as soon as interest rates hit your target.
Trevor Carlson
President – Equity Conversion Specialist
Heritage Reverse Mort.
435-359-9000
trevor@heritagehl.com
Heritage NMLS #1497455 Trevor’s NMLS #: 267962
1060 South Main Street Bldg. A Suite 101B
St George, Utah 84770