Cinch Home Loans

Last week, we talked about mortgage rates sitting at their highest levels in over a month.

And Monday pushed them even higher! So I was preparing all week for another round of stings.

But then Wednesday happened.

News broke that the U.S. and Iran might be close to a one-page agreement to end the war.

And yes…apparently global peace comes in pamphlet form now..?

But markets loved it.

Remember, War pushed oil prices up.�Higher oil prices can create more inflation.�Inflation pushes mortgage rates higher.

So when traders heard “possible end to the war”…�rates immediately improved.

In fact, Wednesday alone erased almost the entire week’s damage.

And then Friday’s jobs report came in hotter than expected…�which normally would’ve stung rates badly.

But right now?�The bond market barely cares about jobs reports.�It’s still watching war headlines and oil prices.

It’s a great time to get a rate locked in for your new home purchase or money-saving refi.

March felt like a full month of getting stung 🐝
April? A little more… honey 🍯

Mortgage rates continued to take a breather this week after a rough March.

The driver right now continues to be global tension—especially the situation with Iran pushing oil prices and government spending higher.

So when ceasefire news hit on Tuesday, markets reacted exactly how you’d expect… rates improved.

But just as quickly, that optimism got tested—and rates gave some of it back.

Net result?

A much calmer week.

And even slightly better than where we started.

I’ll take that as a win.

(Also… feeding honey to a horse at the end of this video might be my new favorite closing move 😂)