On April 18th, US mortgage rates rose for the first time in four weeks, marking the largest weekly increase since April 2024. In a statement, Freddie Mac stated that the average level of 30-year fixed rate mortgage loans was 6.83%, higher than last week’s 6.62%. As broader economic uncertainty puts pressure on homebuyers, rising interest rates may suppress the typically busy spring market sales. The tariff dispute disrupted the stock market and pushed up the yield of the 10-year US treasury bond bond, which is the benchmark for mortgage interest rates. When it rises, mortgage rates usually follow suit, “said Jiayi Xu, an economist at Realtor.com. Looking ahead, multiple economic forces are driving mortgage interest rates in opposite directions, making it increasingly difficult to predict their direction. Demand has begun to slow down. According to Redfin’s data, the number of signed contracts decreased by 0.8% year-on-year in the four weeks ending April 13th.
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