Weekly Market Update

Mortgage rates remained stable last week, providing a continued window of opportunity for buyers and homeowners looking to secure financing. With the Federal Reserve carefully monitoring both inflation and the labor market, the stage is set for potential movement in a favorable direction.

While inflation saw a slight annualized increase, it’s a sign of a steady economy—giving the Fed flexibility in its decision-making. At the same time, shifts in consumer sentiment and early labor market indicators suggest the possibility of a gradual cooling, which could pave the way for rate cuts in the near future.

This week brings several key data releases—jobless claims, the JOLTS report, and monthly employment numbers—all of which could help build the case for lower interest rates if they show continued softening in the labor market. Positive news on this front could lead to even more attractive mortgage opportunities ahead.

Now is a great time to explore your options and prepare for potential rate improvements. If you, or anyone you know, is interested in obtaining mortgage financing, reach out to my team today at 541-815-6596.