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What You Can Do When Mortgage Rates Are a Moving Target
3 Min Read | 🔍 Real Talk on Mortgage Rates + 🎉 What’s Happening in the Springs
Brandon Lecocq
April 25, 2025
"If you want to be rich and maintain your wealth, it's important to be financially literate, in words as well as numbers.” - Alan Greenspan
Hey Everyone,
Welcome to this week’s edition of The Ridgeline Rundown!
Whether you’re in the market now or just keeping tabs on things, one thing’s for sure—mortgage rates have been on the move. This week, I’m breaking down what you can actually do when rates feel like a moving target. Hint: it’s not about timing the market, it’s about strategy.
Plus, don’t miss a few local happenings around Colorado Springs that might be worth checking out—because staying informed isn’t just about real estate, it’s about enjoying where you live.
As always, I’m here to guide you with honest advice, real strategies, and a personalized approach that makes a difference. Have questions? Let’s chat and build a plan that works for you.
Table of Contents
Mortgage Minute
Mortgage rates have been volatile due to recent financial headlines. Over the weekend, rates jumped after Trump criticized Fed Chair Powell. However, markets calmed after Trump clarified he had no plans to fire Powell, which helped rates dip slightly. That dip was limited by a surprise spike in business inflation data, pushing rates back up. As a result, today’s average mortgage rate ended just slightly lower than yesterday’s.
Featured Listing
The Insider’s Guide to Real Estate | Tips
What You Can Do When Mortgage Rates Are a Moving Target
Have you seen where mortgage rates have been lately? One day they go down a little. The next day, they go back up again. It can feel confusing and even frustrating if you’re trying to decide whether now’s a good time to buy a home.
Take a look at the graph below. It uses data from Mortgage News Daily to show that after a relatively stable month of March, mortgage rates have been on a bit of a roller coaster ride in April:
This kind of up-and-down volatility is expected when economic changes are happening.
And that’s one of the reasons why trying to time the market isn’t your best move. You can’t control what happens with mortgage rates. But you’re not powerless. Even with all the economic uncertainty right now, there are things you can do.
You can control your credit score, loan type, and loan term. That way, you can get the best rate possible in today’s market.
Your Credit Score
Your credit score can really affect the mortgage rate you qualify for. Even a small change in your score can make a big difference in your monthly payment. Like Bankrate says:
“Your credit score is one of the most important factors lenders consider when you apply for a mortgage. Not just to qualify for the loan itself, but for the conditions: Typically, the higher your score, the lower the interest rates and better terms you’ll qualify for.”
Keeping your credit score up is key when it comes to qualifying for a home loan. If you’re not sure where your score stands or how to improve it, talk to a loan officer you trust.
Your Loan Type
There are also different types of loans out there, and each one comes with unique requirements for qualified buyers. The Consumer Financial Protection Bureau (CFPB) explains:
“There are several broad categories of mortgage loans, such as conventional, FHA, USDA, and VA loans. Lenders decide which products to offer, and loan types have different eligibility requirements. Rates can be significantly different depending on what loan type you choose. Talking to multiple lenders can help you better understand all of the options available to you.”
Always work with a mortgage professional to figure out which loan makes the most sense for you and your financial situation.
Your Loan Term
Just like there are different loan types, there are also different loan terms. Freddie Mac puts it like this:
“When choosing the right home loan for you, it’s important to consider the loan term, which is the length of time it will take you to repay your loan before you fully own your home. Your loan term will affect your interest rate, monthly payment, and the total amount of interest you will pay over the life of the loan.”
Most lenders typically offer 15, 20, or 30-year conventional loans. Be sure to ask your loan officer what’s best for you.
Bottom Line
You can’t control what’s happening with the economy or mortgage rates, but you can work with a trusted lender and take steps that’ll help you get the best rate possible.
Let’s connect to talk about what you can do today to put yourself in a strong spot for when you’re ready to buy a home.
Colorado Springs Social Scene
 Colorado Springs running club honored for trail cleanup effortsMayor Yemi Mobolade presented the Pikes Peak Roadrunners (PPRR), a local running club, with the Spirit of the Springs 2025 Keep it Clean COS award. The award honors the club for participating in trail cleanups since 1998. |  Colorado Springs-based dermatology office continues statewide expansionVanguard Skin Specialists announced the opening of their tenth office in the state. The latest office is in the eastern Colorado city of Hugo. Dr. Brandon Healey will serve the Hugo community, beginning on the second Tuesday of each month, and Vanguard expects to extend the office hours as the patient population grows. |  Plant SwapPart of the The Living Room Events collection Bring 1-3 healthy plants and rooted propagations to exchange with other people’s plants! Details Date: Saturday, April 26 · 1:30 - 3 pm MDT Where: The Living Room 22 East Rio Grande Street Colorado Springs, CO 80903 United States |
Military News and Updates
Colorado cements support for military-connected families
Governor Jared Polis signed SB25-073 into law last week, a bill sponsored by Colorado Springs legislators State Senator Lary Liston and Representative Rebecca Keltie, among others. The new law ensures that children with disabilities from military families are guaranteed access to their existing education program when enrolling in school in Colorado before their first day of class.
Feel free to reach out with any real estate questions—I’m here to help, no matter the state!
Referrals are the biggest compliment, so send anyone my way. Until next time!
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