These are today's mortgage and refinance rates. Mortgage rates are down from last week. Where they go next depends on how tariffs affect the economy.

Mortgage rates are bouncing around, though not because of inflation data or job numbers. Financial markets (stocks and bonds) are being shaken by President Donald Trump's on-again, off-again tariffs.

Springtime home shoppers may be feeling the impact of an intensifying trade war. The average rate on a standard, 30-year fixed mortgage was 6.83% in the week ending April 17, up from 6.62% a week ago, mortgage financing provider Freddie Mac said Thursday. That’s the largest one-week jump in mortgage rates in nearly a year.