Mortgage rates within multi-year lows after surviving March beatdown 🏠🥊📉

Flash Market Update

Seven weeks ago (Feb 27) mortgage rates were enjoying their best levels in years, before the surprise attack on Iran sent oil prices surging and bond prices tanking.

The situation seemed dire, as mortgage rates quickly jumped to levels not seen since last summer.

However, in recent weeks bonds have fought back, recovering most of the March losses as peace talks continue in the Middle East.

The multi-year lows that punctuated February are again within reach.

As inflation fears have calmed, oil prices have tumbled 32%, dipping below $80 for the first time since “Operation Epic Fury” began

Although there is good reason to be optimistic about the current trend continuing, March was an important reminder of how quickly things can change.

If the opportunity to refinance slipped away last month, this weekend is a good time to shop rates and choose a lender.

Next week will confirm if the recent mortgage rate improvements have staying power.

If they don’t, you will want to be ready to lock without doubts about which lender you are using.

Thanks for reading.

If you want to shop real-time mortgage rates and get instant qualification results without providing any contact information visit LendZen.com

LendZen provides a fully automated mortgage shopping experience that gives you anonymous access to all mortgage rates with full transparency of costs upfront as bond prices change.

You can also request an official Loan Estimate for the exact loan you created and save your scenario to revisit your rate options daily with one-click.

LendZen Inc. is an equal opportunity mortgage lender, NMLS 375788.