Weekly Market Update

Mortgage rates remained steady last week, as the Federal Reserve continues to take a thoughtful approach to navigating the current economic landscape. The hard data on the US economy remains exceptionally strong, with the ISM Services Index rising, weekly jobless claims returning to their long-term range, and consumer borrowing increasing, all signs of a healthy and resilient economy. While trade-related uncertainties have caused some softer data points, these are temporary and largely tied to shifts in imports as businesses and consumers prepare for upcoming tariff changes. Even with last quarter’s negative GDP, much of that was due to statistical quirks, as imports spiked, pushing the trade imbalance to record levels. Overall, the domestic economy is still performing strongly, and the Fed and markets are carefully watching how trade negotiations evolve and how they will influence the economy in the months ahead.

With the potential for exciting developments this week, including trade deals that could move the markets, there are great opportunities ahead. Depending on how things unfold, rates may fluctuate, creating new possibilities for savvy borrowers.

If you, or anyone you know, is interested in obtaining mortgage financing, reach out to my team today at 541-815-6596. We’re here to help guide you through the process and make the most of today’s market!