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How Trump's Tariffs Are Shaking Up Mortgage Interest Rates

  • Mortgage rates jumped last week, reaching levels not seen since February, impacting overall homebuyer demand.
  • Economic tension arose from tariffs, creating volatile interest rates during the peak house hunting season.
  • The average rate on a 30-year fixed mortgage increased to 6.81%, while applications to purchase a home dropped 5%.
  • Mike Fratantoni stated that economic uncertainty and rate volatility make some buyers hesitant, leading to riskier loans.
  • Homebuyers searched for riskier adjustable-rate mortgages to secure lower initial rates amid rising home prices.
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Mortgage rates jump as tariffs hit markets; biggest spike in nearly a year

The average rate on the 30-year fixed mortgage rose this week, according to the latest Freddie Mac data. Here's what to know.

·Florida, United States
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CNBC broke the news in United States on Wednesday, April 16, 2025.
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