Weekly Mortgage Rate update for April 6 2020
Hello everyone, my name is Jesse and here is this Week’s Mortgage Rate Forecast
Mortgage rates are likely to continue to move up and down as the week progresses, meaning you should stay in close contact with your mortgage professional if you are in a position to lock your loan interest rate. For those that are monitoring rates for refinances, this week may bring periods of slightly lower rates, but rates are not likely to drop too far from here.
What’s affecting rates this week:
The Fed: Fed bond buying (called quantitative easing) is helping to stabilize rates and is keeping rates low.
Unemployment: Huge amounts of borrowers unable to make their mortgage payments are causing investor concerns that are playing a role in stopping rates from falling further.
COVID-19: Concerns over the economic fallout of the crisis continue to help keep rates low.
Geneva Financial, LLC
3724 N. Plantation River Dr #102
Boise, Idaho 83703
NMLS – 6229
NMLS – 42056