Weekly Market Update

Mortgage rates continued to trend gently downward last week, offering a welcome boost to homebuyers and homeowners exploring refinancing options. The broader economy remains stable and resilient, with the latest employment report exceeding expectations—an encouraging sign of ongoing strength in the job market. While some labor indicators show a slight easing, this may reflect healthy adjustments as the market adapts to evolving immigration policies.

Both ISM Indexes delivered solid readings, suggesting continued business confidence even as they hover near the line between expansion and contraction. Meanwhile, the early-year surge in imports—driven by businesses moving swiftly to get ahead of new tariffs—demonstrates strong demand and smart positioning. This inventory build-up is helping keep prices in check, providing some cushion against inflation and supporting favorable mortgage conditions.

This week brings a lighter stream of economic data, creating the potential for mortgage rates to drift even lower. With markets calm and momentum on our side, now is a great time to explore your financing options.

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 make the most of this opportunity.