Last week delivered something we haven’t seen in a while: mortgage rates hitting their lowest level of the year. And it didn’t come from a major shift in inflation or a surprise Fed move—it came from tariff headlines.
Here’s the quick version:
Markets got spooked by new tariff news, stocks dropped, and investors moved into bonds. That pushed the 10-year Treasury yield down fast, and when that yield drops, mortgage rates usually follow. Last Wednesday, that’s exactly what happened—and the result was the most borrower-friendly rate environment we’ve seen in 2025 so far.
So… is this the start of a bigger trend?
Maybe. But this week’s big wildcard is Friday’s jobs report.
Right now, we’re seeing mixed labor signals:
Job openings? Holding steady.
ADP private payrolls? Stronger than expected.
Unemployment rate? Slight uptick to 4.1%.
If Friday’s numbers show more softness—especially in residential construction jobs—we could see mortgage rates dip even lower. For those of us in real estate, that construction labor data is a big deal. It ties directly to housing supply, long-term inflation trends, and even early recession indicators.
Why this matters if you’re buying (or thinking about it)
A 0.25% rate shift can mean tens of thousands in long-term savings—and lower monthly payments right now. If you’ve been waiting for rates to soften before re-engaging with the market, this could be the window you were hoping for.
That said, things are still volatile. The key is being prepared to move smartly if the right home comes along. That means dialing in your financing, knowing your comfort zone, and having a game plan that reflects what you want—not what the headlines are shouting.
Our take
At FORM, we’re watching the data daily and having conversations with lenders and other top agents across the city to stay sharp. The national story matters, but so does what we’re seeing block by block in Denver. Our job is to help you make sense of both—and help you win when it counts.
If you’re wondering whether this recent drop makes it the right time to buy, refinance, or just start exploring your options, let’s talk. Even a short conversation can give you clarity and confidence.
