Rate Lock Advisory

Tuesday, April 20th

Tuesday’s bond market has opened in positive territory with stocks showing early losses and little else to drive trading. The Dow is down 125 points while the Nasdaq has lost 14 points. The bond market is currently up 7/32 (1.58%), which should improve this morning’s mortgage rates by approximately .125 of a discount point.



30 yr - 1.58%







Mortgage Rate Trend

Trailing 90 Days - National Average

  • 30 Year Fixed
  • 15 Year Fixed
  • 5/1 ARM

Indexes Affecting Rate Lock



Stock Influences

There is nothing scheduled today that is expected to affect mortgage rates. Stock weakness helps to make bonds more appealing to investors. Therefore, if stocks extend their morning losses, we could see bonds improve and mortgage rates revise slightly lower later today.



Treasury Auctions (5,7,10,20,30 year)

Tomorrow’s 20-year Treasury Note auction is the first scheduled event that may influence mortgage rates. Results of the sale will be posted at 1:00 PM ET, making this an afternoon event. These sales don’t directly affect mortgage rates but can impact broader bond trading sentiment that has the potential to indirectly move rates slightly. A strong demand from investors could lead to bond gains and a minor improvement in mortgage pricing tomorrow afternoon.

Float / Lock Recommendation

If I were considering financing/refinancing a home, I would.... Lock if my closing was taking place within 7 days... Float if my closing was taking place between 8 and 20 days... Float if my closing was taking place between 21 and 60 days... Float if my closing was taking place over 60 days from now... This is only my opinion of what I would do if I were financing a home. It is only an opinion and cannot be guaranteed to be in the best interest of all/any other borrowers.