This Week In Rates
Mortgage rates moved slightly lower last week as bond markets reacted positively to easing geopolitical tension headlines tied to the U.S. and Iran.
Lower oil price expectations helped reduce inflation pressure, which supported bonds and improved rate pricing midweek.
Interestingly, Friday’s stronger-than-expected jobs report had little impact on rates. Markets remained more focused on inflation and global uncertainty than labor data alone.
Looking ahead, This week’s key focus will be inflation:
Tuesday: CPI (Consumer Price Index)
Wednesday: PPI (Producer Price Index)
Markets will be watching closely for signs that inflation pressure is either cooling or remaining sticky.
Current Mortgage Snapshot
30-Year Fixed: 6.42% ▼ 0.02
15-Year Fixed: 5.99% ▼ 0.02
Rates reflect national averages sourced from MBS Live and are for informational purposes only. Actual rates vary based on borrower profile, loan structure, and market timing.
First Responders in Your Pipeline? There's Something for Them.
If you have clients in law enforcement, fire, or EMS, Hunt Mortgage is currently offering a $500 lender credit for eligible first responders purchasing a single-family, owner-occupied home.
In today’s market, where buyers are paying close attention to upfront cash and closing costs, every dollar matters. This lender credit is applied at closing for eligible borrowers.
Eligible professions include:
• police officers
• sheriff’s deputies
• state troopers
• career and volunteer firefighters
• EMTs
• paramedics
Purchase transactions only. Additional eligibility and program guidelines may apply.
For full program details, eligibility requirements, or financing questions, reach out to Sam Geraci at Hunt Mortgage.
Agent Spotlight 🔦 – Western New York
Each week the Buffalo Mortgage Market Brief highlights a real estate professional active in the Western New York housing market as part of a broader look at the local real estate landscape.
Mick Trunzo— (HUNT Real Estate)
This week’s WNY Agent Spotlight features Mick Trunzo with HUNT Real Estate, based out of the Wheatfield office.
Mick works with buyers and sellers throughout Western New York and is known for bringing a thoughtful, detail-oriented approach to every transaction. With a background in engineering and hands-on experience in design and construction, he offers clients valuable insight when evaluating properties and navigating the market. In addition to residential real estate, Mick is also licensed in commercial real estate and has worked with a wide range of clients across Western New York.
Troy Pulli