Weekly Market Update

Mortgage rates continue their gentle slide downward, creating exciting opportunities for homebuyers and homeowners alike. Much of this momentum is fueled by strong market confidence in a potential interest rate cut at the Federal Reserve’s September meeting — with current odds of a quarter-point cut sitting at an encouraging 80%.

While inflation remains above the Fed’s 2.0% target, recent CPI and PPI reports offer valuable insights into market dynamics. The Producer Price Index saw a notable uptick, reminding us that economic shifts are still in motion — especially as trade and tariff developments continue to evolve. This presents a unique moment for consumers and businesses to stay proactive and well-positioned for what’s ahead.

Retail sales surged more than expected, signaling continued consumer strength and confidence. Many experts believe buyers are making smart moves now to stay ahead of potential future price increases — a clear indication of optimism and adaptability in the marketplace.

With inflation holding steady, the labor market now becomes a key focus for future policy decisions. Any signs of moderation in employment could further support the case for a rate cut, helping maintain balanced, sustainable economic growth.

All eyes are on this week’s Jackson Hole Economic Symposium, where Fed Chair Jerome Powell will deliver a highly anticipated keynote. His insights are expected to provide more clarity on the Fed’s forward-looking approach — one that could support continued economic resilience and opportunity.

If you, or anyone you know, is interested in obtaining mortgage financing, reach out to my team today at 541-815-6596. Let’s explore how today’s market can work to your advantage.