Mortgage Market Whiplash – What Buyers Need to Know
The mortgage market has been on a rollercoaster — and buyers are feeling it.
The first week of April brought us the lowest interest rates of the year, dipping to 6.63%. The response was immediate:
🔁 Refinance applications jumped 35%
📈 Purchase applications surged 20%
But the celebration was short-lived.
Just one week later, by Friday, April 11, rates shot back up to 6.97% — the highest levels of 2025 so far.
That kind of volatility can be paralyzing for buyers. It’s confusing, frustrating, and leaves many unsure of when to make a move.
Our Advice: Clarity is Your Competitive Edge
In a fluctuating market, being fully prepared matters more than ever. Preapproval is no longer enough. Skip the basic preapproval. Go straight to full underwriting
✅ Encourage your buyers to get fully underwritten and approved
This means they’ll be ready to act the moment rates dip again — with confidence, speed, and strength.
Questions about how to navigate today’s mortgage environment? We’re here to help — with trusted lender connections and strategic guidance every step of the way.
If you’re considering buying or selling, we’d love to guide you through your options with clarity, experience, and strategy. Take the first step!
📩 Reach out today to schedule a no-obligation consultation.
A partnership committed to being The Key To Your Dreams ®
Faber Real Estate Team | Compass
The Key to Your Dreams ®
Ben Faber DRE #01913767
[email protected]
www.faberrealestateteam.com
@faberrealestateteam
415.686.4980