At Boutique Realty, we keep a close eye on the ever-changing mortgage landscape so you don’t have to. This week, we’re seeing a welcome moment of stability in mortgage rates—a breath of fresh air following recent volatility.
A Quiet Week for Rates After Recent Turbulence
Last week, markets were on edge, bracing for potential disruption from economic news and global trade headlines. But as it turned out, the quiet was a blessing. Without any major shocks or surprises—particularly surrounding tariffs and trade—the bond market settled, and so did mortgage rates.
That stability helped reverse what had been one of the biggest weekly mortgage rate spikes in recent years.
Market Jitters Eased Quickly
The week began with a bit of a tremor, spurred by headlines around former President Trump’s remarks on Fed Chair Jerome Powell. Markets initially reacted nervously, pushing mortgage rates slightly higher. However, within just 24 hours, things quieted down again. With no further developments, the market regained its composure.
One of the Calmest Days for Mortgage Rates in Months
Tuesday brought an almost unheard-of calm to the mortgage world. Rates remained virtually unchanged from the previous day, and lenders didn’t feel the need to make any mid-day pricing adjustments—something that’s become increasingly rare in recent months.
For borrowers with strong credit profiles, the average 30-year fixed mortgage rate hovered just below 7%.
What This Means for Buyers and Sellers
Stable mortgage rates are good news, especially if you’ve been sitting on the sidelines waiting for the right time to make your move. Whether you’re a buyer aiming to lock in a steady rate or a seller hoping to attract serious, rate-conscious buyers, now could be the perfect moment to act.
Let Boutique Realty Guide You
At Boutique Realty, we specialize in helping buyers and sellers navigate the Southern California real estate market with confidence. If you’re thinking about making a move—whether you’re purchasing your first home, investing, or listing your property—our team is here to provide the expert guidance and market insight you need.📞 Contact us today to schedule a consultation or get connected with one of our experienced agents.
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