Mortgage Rates 📢 March 3rd, 2025

INTEREST RATES

10 year 3-Month Snapshot

Rate data as of morning of publication. Unless noted otherwise, all scenarios are assuming 30 Year-Fixed mortgage, Purchase or R/T Refinance. No origination points charged, 780 FICO score, and 20% down payment. Provided for consumer education only and does not serve as a binding offer to extend lending. Payment period, interest rate, APR, and other terms subject to income, asset, and credit profile qualification. Provided courtesy of GTG Financial, Inc. NMLS 1595076. Equal housing opportunity. www.nmlsconsumeraccess.org

Rates: We’re approaching what could be the perfect storm, in a good way. If rates continue this downward run, right into the teeth of Spring buying season, we could see fireworks.

Bottom Line: Trending in the right direction!

📉 Rates & Bonds: Mortgage rates have dipped about 0.5% over the last month as bonds rallied. However, bonds are now testing resistance, and further improvement may be limited unless yields drop below 4.126%.

📊 Economic Signals: The Atlanta Fed sharply cut Q1 GDP forecasts from 2.9% to 1.5%, signaling a slowing economy. If this trend continues, the Fed may shift toward rate cuts, which could further help mortgage rates.

🏠 Housing Market: Realtor.com reports days on market dropped 10% in February, indicating stronger buyer demand as we head into spring. However, rising home prices and still-elevated rates mean affordability remains a challenge.

🔎 Watch This Week: The BLS Jobs Report on Friday is the key event—job growth expectations are between 140-150K, with unemployment expected to hold at 4%. A weak report could push rates lower.

Stay tuned for tomorrow’s GTG Weekly. We have a HUGE announcement and it coincides with why we have been silent for the last few weeks.