Mortgage Rates Little-Changed But Volatility Could Return Quickly
April 7, 2026 at 07:14 PM
Matthew GrahamMortgage News Daily
In stark contrast to the entire month of March, April's mortgage rate volatility has been downright boring. To put this in context, the average top tier 30yr fixed rate rose a substantial 0.65% by March 27th. In the first five business days of April, they've held inside a range of just 0.04%.
Today did nothing to expand that range although it did leave rates microscopically higher versus yesterday.
The Iran war continues to be the dominant source of inspiration for the financial markets, including the bond market that underlies interest rates. Given that tonight brings a deadline for a potentially major escalation in the war, there's a risk of volatility heading into tomorrow.
Mortgage Rate Trends
Source: Freddie Mac & U.S. Treasury via FRED — Past 12 months
Disclosure: Any rates, payments, or loan terms referenced in this article are for
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lend. Actual rates, APR, and terms depend on credit profile, property type, loan amount, and other
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