Why do rates jump around so much?

Rates really do feel like a moving target, and I get why it’s stressful. But I’d push back a bit on the idea that agonizing over every tiny shift is always worth it. You mentioned:

Even a 0.25% difference adds up over 30 years.

That’s true, but here’s what I see a lot with clients:

- Sometimes folks wait for that “perfect” rate and end up missing out on a home they love, or the market shifts in other ways (like prices going up).
- Locking in when you’re comfortable with the payment can bring peace of mind, even if it’s not the absolute lowest rate.
- The stress of chasing every fraction of a percent can take a toll - sometimes it’s just not worth the anxiety.

I’m not saying rates don’t matter, but there’s a balance. At some point, the difference between 6.5% and 6.75% might not outweigh getting settled sooner or locking in before another jump. Just my two cents from watching people go through this rollercoaster...