{"id":1195,"date":"2025-05-15T18:15:33","date_gmt":"2025-05-15T18:15:33","guid":{"rendered":"https:\/\/finzexpert.com\/blog\/mortgage-rates-rising-closer-to-7\/"},"modified":"2025-05-15T18:15:33","modified_gmt":"2025-05-15T18:15:33","slug":"mortgage-rates-rising-closer-to-7","status":"publish","type":"post","link":"https:\/\/finzexpert.com\/blog\/mortgage-rates-rising-closer-to-7\/","title":{"rendered":"Mortgage Rates Rising Closer to 7%"},"content":{"rendered":"<p> <\/p>\n<div>\n<p>In early April, amid the most volatile portion of the market&#8217;s reaction to the tariff announcement, mortgage rates were officially over 7% for a single day. By the middle of the following week, they were well on their way lower, ultimately ending the month just over 6.8%.<\/p>\n<p>Since then, it&#8217;s been tough sledding for bonds and the rate market. Almost every day in the month of May has been a bad one.\u00a0 Even if the size of the rate increases have been reasonably small, they&#8217;re starting to add up.\u00a0<\/p>\n<p>Now today, the average lender is back on the doorstep of 7% for top tier conventional 30yr fixed mortgage rates.\u00a0 A second wave of weakness in the bond market this afternoon is resulting in many lenders announcing mid-day increases.\u00a0 With that, today&#8217;s index ended up at 6.99%&#8211;all this despite an absence of any standout individual motivations in today&#8217;s news.<\/p>\n<p>Tomorrow brings a slew of important economic reports.\u00a0 If they come in stronger than expected, rates could face additional upward pressure.\u00a0 If they&#8217;re weaker, markets may dismiss them as stale data that was overly influenced by tariff-related uncertainty that has since improved.\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In early April, amid the most volatile portion of the market&#8217;s reaction to the tariff announcement, mortgage rates were officially over 7% for a single day. By the middle of the following week, they were well on their way lower, ultimately ending the month just over 6.8%. Since then, it&#8217;s been tough sledding for bonds [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[947,153,154,946],"class_list":["post-1195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-loan","tag-closer","tag-mortgage","tag-rates","tag-rising"],"_links":{"self":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/comments?post=1195"}],"version-history":[{"count":0,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/posts\/1195\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media\/1196"}],"wp:attachment":[{"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/media?parent=1195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/categories?post=1195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finzexpert.com\/blog\/wp-json\/wp\/v2\/tags?post=1195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}