January 29, 2025

Mortgage rates are holding steady 📉, staying near yesterday’s levels despite some weakness in the bond market. Lenders who improved rates yesterday afternoon saw slight increases, while others edged lower.

This stability is notable given the past two days' market moves. Rates followed stocks Monday as NVDA led a big sell-off. Stocks bounced back today 📈, recovering most of those losses, but rates haven’t mirrored that recovery.

The second half of the week could bring more rate movement ⏳. The Federal Reserve announces its latest policy decision at 2 pm ET, with no rate change expected. Powell’s 2:30 pm press conference could still spark some volatility.

Stay tuned for updates, and reach out if you have questions about how this could impact your mortgage!! ☎️