Mortgage Rates Hold Steady After Recent Surge, Refinance Costs Ease Slightly

U.S. 30-year mortgage rates remain at 7.06%, while refinancing rates dip to 7.24%, reflecting sustained market volatility influenced by bond yields and recent tariff actions.

The 30-year fixed mortgage rate stabilized at 7.06% following a significant three-day increase, reaching its highest level since mid-January.
Refinance rates for 30-year mortgages eased slightly to 7.24%, remaining near a three-month high after a sharp climb earlier this week.
Tariffs on Chinese imports, set at 145%, have contributed to volatility in bond markets, which in turn is driving fluctuations in mortgage rates.
Federal Reserve policies, including a recent decision to hold rates steady, continue to exert indirect upward pressure on mortgage rates.
Regional disparities in refinancing rates persist, with averages ranging from 7.01% to 7.35%, depending on state-specific lending conditions.