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April 4, 2025
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April 4, 2025
Tariffs, Tumbling Rates, and a Window of Opportunity
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Mortgage rates dropped sharply this week, creating a new wave of opportunity for homebuyers. Conventional loan rates are nearing 6.5%, and for the first time since October 2024, FHA and VA loans have dipped below 6%. That kind of movement isn’t just about numbers. It signals new possibilities for affordability and timing.
The drop was driven by global uncertainty following the announcement of new Trump tariffs. As global stock markets reacted, investors moved money into safer assets like U.S. Treasuries and mortgage-backed securities. That shift brought mortgage rates down.
But this opportunity may not last. If the markets stabilize or the tariff situation is resolved quickly, rates could rise again just as fast. In October, rates dipped. Many buyers waited. By January, rates were back above 7%. That hesitation cost some thousands in monthly payments and home price gains.
If you’ve been waiting for the right time to buy, this might be it. Lower rates mean more negotiating power and a lower monthly payment. But once more buyers jump in, competition will rise, and prices will likely follow.
Act now before the crowd catches on. Talk to a lender and explore your options.
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The information contained is the viewpoint of the presenter(s). Individuals should consult their own financial representative.
Estimated Mortgage Payment is for exemplary purposes only. Contact a licensed loan officer for exact numbers and APR. Additional rates and terms may apply and are subject to change without notice. Loan scenario assumes a purchase price of Zillow's list price and a 10% down payment. Points and fees not included. Property tax, homeowners insurance, mortgage insurance, and HOA fees are approximate and may vary. Other fees may apply. Product displayed is a conventional 30-year fixed rate mortgage using the current average rate as shown on Mortgage News Daily (mortgagenewsdaily.com).
Estimated Qualifying Income assumes a homebuyer has a FICO score above 740, no other credit debt, and a debt-to-income (DTI) ratio of 43%.
For exact numbers and APR or to run a loan scenario based on your own credit and income, contact our office at (858) 259-8700.
Rate Source: Mortgage News Daily. Rates displayed are approximate, subject to change, and do not necessarily reflect rates available to you. MND’s methods involve an objective component based on lenders' raw prices as well as a subjective impression from their network of originators. For more information about how these rates are calculated, visit www.mortgagenewsdaily.com/mortgage-rates/about.
Mortgage News Daily (MND) is a trademark of Brown House Media, Inc. Zillow is a trademark of Zillow, Inc. CrossCountry Mortgage has not been authorized, sponsored, or otherwise approved by Brown House Media, Inc. or Zillow, Inc.
Equal Housing Opportunity. All loans subject to underwriting approval. Certain restrictions apply. Call (858) 259-8700 for details. All borrowers must meet minimum credit score, loan-to-value, debt-to-income, and other requirements to qualify for any mortgage program. CrossCountry Mortgage, LLC is an FHA Approved Lending Institution and is not acting on behalf of or at the direction of HUD/FHA or the federal government. CrossCountry Mortgage, LLC is not affiliated with or acting on behalf of or at the direction of the Veteran Affairs Office or any government agency. Certificate of Eligibility required for VA loans. By refinancing, the existing loan total finance charges may be higher over the life of the loan.
