Mortgage rates dropped again this morning, reaching their lowest levels in the past four weeks. On top of that, mortgage applications rose last week for the first time in five weeks.
The key driver here is the bond market. While inflation and global events cause anxiety, the bond market is viewing these as short-term issues—which is helping keep rates stable and even push them down. Remember, mortgage rates look two to three months ahead and are predicting where the market is headed, not reacting to today’s news.
We’re seeing this play out across markets as well. The stock market is taking its cues from bonds, with investors watching interest rates for direction rather than reacting to geopolitical headlines. As long as yields stay steady or move lower, markets will remain strong, reinforcing confidence across the board.
As rates improve, buyer confidence naturally follows—and we’re already seeing early signs of that momentum building.
We’re also seeing more homes hit the market priced at or below market value, leading to multiple-offer situations and helping sellers move properties quickly.
If you have been waiting on the sidelines, this could be a great window to get in the game before things heat up again.
