by Calculated Risk on 4/14/2025 07:54:00 PM

From Matthew Graham at Mortgage News Daily: Mortgage Rates Fall Back Below 7%

Last Friday was notable in that it was the first day since February 19th where the average top tier 30yr fixed mortgage rate ended the day over 7%. Last week was also notable for ranking among the more abrupt weeks for rising rates over the past few years.

Things are getting off to a friendlier start in the present week with the 30yr fixed rate index edging back below 7%--roughly in line with levels seen last Wed/Thu. [30 year fixed 6.98%]
emphasis added

Tuesday:
• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for April. The consensus is for a reading of -10.0, up from -20.0.

Weekly Schedule