Salvador Cortez at Absolute Mortgage Group Inc.
Salvador Cortez
Absolute Mortgage Group Inc.
Phone: (916) 668-0043
Email: [email protected]
NMLS# 1813194
Company NMLS# 1874315
Home
site.enter("0") onMouseLeave= className= > Loan Programs Home Purchase
Refinance
Forgivable Equity Builder Loan
Contractors
Mortgage Calculators
site.enter("1") onMouseLeave= className= > Resources Loan Programs
Loan Process
Mortgage Basics
Online Forms
FAQ
site.enter("2") onMouseLeave= className= > About Testimonials
Meet Our Team
Contact
Blog
site.enter("3") onMouseLeave= className= > Events Upcoming Events
Past Events
The 2nd CA Dream for All
Apply Now
As of May 7, 2025, the average 30-year fixed mortgage rate has dipped slightly to 6.86% , down from 6.88% the previous day. This minor decrease wasn’t triggered by any major announcement from the Federal Reserve—it’s actually a result of quiet shifts in the bond market.
Understanding the Change
Mortgage rates are closely tied to the bond market, especially 10-year Treasury yields . When investors get nervous (about the economy, inflation, or geopolitical events), they often shift money into bonds, pushing bond prices up and yields (and mortgage rates) down . The opposite happens when optimism or inflation fears return.
Here’s an important detail: Lenders set their mortgage rates based on market expectations—not just today’s conditions. That means if investors expect the Fed to cut rates in the future, lenders might start lowering mortgage rates before that actually happens. It’s a bit like pricing in the forecast before the storm hits—or clears. Note: Mortgage rates move based on what investors expect the Fed to do next and whether they believe inflation is under control—not just the Fed’s actions themselves.
Yes , the Fed cuts when they think inflation is slowing.
But mortgage rates only drop if investors agree and believe inflation is truly under control.
That’s why mortgage rates are more about expectations than just the Fed’s actions.
What This Means for You
While the dip in rates is small, it’s a sign that we’re in a relatively stable market. That can be a good time to explore buying or refinancing before any new data or Fed commentary shakes things up.
Thinking About Buying or Refinancing?
Let’s talk through your options and run the numbers. Even a small shift in rates can make a big difference in your monthly payment—and locking in early can protect you from the next market swing.
Source: Mortgage News Daily
We've been helping customers afford the home of their dreams for many years and we love what we do... Company NMLS: 1874315 Personal NMLS: 1813194 NMLS Consumer Access
1942 Del Paso Road, Suite 130 Rm 103 Sacramento, CA 95834 Phone: (916) 668-0043 [email protected]
Legal
Privacy Policy
Accessibility Statement
Site Map
Loan Programs