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Tariff Turmoil Sends Mortgage Rates Higher, 'Contract Signings Remain Well Below Normal Historical Levels'
Tuesday, April 8, 2025 - 6:55pm | 556President Donald Trump’s tariff announcements led to a sell-off in the stock market and prompted investors to move to safer assets such as Treasury bonds. The 10-year Treasury yield declined and the average 30-year fixed mortgage rate dropped from 6.75% to 6.55% last week. Mortgage Rates:...