Weekly Market Update

Financial markets remained steady last week, showing resilience as investors await potential movement on tariffs and a key bill currently in the Senate. While headlines were mixed, many underlying trends point to continued economic stability. The ISM Service Index dipped just below 50, signaling a potential turning point that could pave the way for future growth in the service sector.

The labor market continues to impress, with 177,000 new jobs added and the unemployment rate holding strong at 4.2%. These numbers reflect a healthy, steady pace of job creation. While weekly jobless claims have nudged slightly higher, they remain at historically low levels—a sign that the job market remains fundamentally sound.

This week brings important inflation data that could offer further insight into the direction of interest rates. After a period of easing, a slight uptick in both headline and core CPI is possible. That could nudge rates modestly higher, but strong fundamentals and cautious optimism may keep any volatility in check.

Overall, the market outlook remains encouraging. With solid job growth, stable unemployment, and inflation largely under control, this is a great time to stay proactive.

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 you take advantage of opportunities in today's market.