Weekly Market Update

Last week’s economic data brought encouraging signs that the economy remains strong and resilient. The core Consumer Price Index (CPI) rose by 0.2% in June, nudging the annual rate to 2.9% from 2.4%. While inflation had been cooling in previous months, this steady increase suggests a healthy level of economic activity, particularly in the services sector. Meanwhile, goods prices—which are typically more responsive to factors like tariffs—also saw a modest 0.2% rise, signaling renewed momentum in consumer demand.

Mortgage rates have ticked slightly upward in response, reflecting confidence in the market and a wait-and-see approach as investors monitor inflation trends. While rates may remain elevated in the short term, they continue to present opportunities for buyers and homeowners looking to make strategic moves in a still-active market.

With a quieter week ahead for economic data, market attention may shift to broader financial themes, including fiscal policy and long-term growth strategies. These conversations, while complex, reflect the dynamic nature of our economy and the strong global interest in the U.S. financial landscape.

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 guide you through your options and help you take advantage of today’s opportunities.