I am taking a quick vacation to visit my son and family in Japan. I will be back to work as fresh as a cherry blossom on April 9, 2025.

My team is ready to help you with your preapproval or home buying needs while I’m away. You can start an application here to get the process started.

We have “jobs week” the first week of April with the BLS Jobs Report released on the morning of Friday, April 4th. This report tends to impact mortgage rates if it comes in “hot” showing that more jobs have been added than what was anticipated or if wages are higher. If the Jobs Report comes in weaker than expected, showing an unstable economy, we may see mortgage rates improve.

Also, the Mortgage Bankers Association published their monthly mortgage rate forecast for March and they predict that mortgage rates for the 30 year fixed conforming, will remain under 7% and trend lower towards 6.4% by 2026. In my opinion, this is a very conservative estimate – however, mortgage rates have been very stubborn and in a fairly close range. My advice is that if you find a home that you want to buy that you can afford, buy it. While mortgage rates have been in a close range, homes in the Pacific Northwest have continued to appreciate. Waiting for rates to budge means that you will most likely pay a higher price for the same house. So – let’s start the preapproval process and create a game plan to help you to be ready to secure your next home.

I’ll be back with my Mortgage Rate Update soon!