American Home Lending USA, LLC
Initial Weekly Jobless Claims continue to indicate a strong jobs market
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Published Date 4/24/2025
Today's Mortgage Rate Summary
How Rates Move:
Conventional and Government (FHA and VA) lenders set their rates based on the pricing of Mortgage-Backed Securities (MBS) which are traded in real time, all day in the bond market. This means rates or loan fees (mortgage pricing) moves throughout the day, being affected by a variety of economic or political events. When MBS pricing goes up, mortgage rates or pricing generally goes down. When they fall, mortgage pricing goes up.
Rates Currently Trending: Lower
Mortgage rates are moving lower today. The MBS market improved by +8 bps yesterday. This was not enough to decrease mortgage rates or fees. The market experienced high volatility yesterday.
Today's Rate Forecast: Neutral
Manufacturing: March Durable Goods shot up by 9.2% versus estimates of 2.0%. However, when you strip out Transportation, it was flat at 0.0% versus estimates of 0.2%. Non Defense Capital Goods Ex Aircraft (capex) missed to the downside, 0.1% versus estimates of 0.2%.
Housing: We will get the March NAR Existing Home Sales at 10 am ET. It is expected to drop to 4.13M units.
Jobs: Initial Weekly Jobless Claims were 222K and the prior week was revised lower to 216K. Continuing Claims were 1.841M versus estimates of 1.880M.
The Fed: The Chicago Fed National Activity Index flashed the red recessionary light bulb by falling from 0.24 down to -0.3.
Treasury Auction: We have a 7 year note auction today at 1 pm.
Today's Potential Rate Volatility: High
This morning markets are seeing some major support. Volatility has started high with potential to improve or worsen massively depending on headlines.
Bottom Line:
If you are looking for the risks and benefits of locking your interest rate in today or floating your loan rate, contact your mortgage professional to discuss it with them.
Source: TBWSAll information furnished has been forwarded to you and is provided by thetbwsgroup only for informational purposes. Forecasting shall be considered as events which may be expected but not guaranteed. Neither the forwarding party and/or company nor thetbwsgroup assume any responsibility to any person who relies on information or forecasting contained in this report and disclaims all liability in respect to decisions or actions, or lack thereof based on any or all of the contents of this report.
American Home Lending USA, LLC - NMLS ID: 71983. To verify licensing, visit NMLS Consumer Access (www.nmlsconsumeraccess.org). Equal Housing Lender.
Jeff Beck
President
NMLS: 19488
American Home Lending USA, LLC
240 S Buchanan St, Edwardsville IL 62025
Company NMLS: 71983
Office: 618-310-0091
Cell: 618-806-2281
Email: jbeck@ahlusa1.com
