Weekly Market Update

The Federal Reserve delivered a quarter-point rate cut last week, and mortgage rates responded by trending lower. While future moves will depend on upcoming economic data, the Fed’s projections still suggest the potential for additional cuts this year—creating exciting opportunities for borrowers.

Despite ongoing discussions about inflation and trade, the broader economy continues to show resilience. Retail Sales rose more than expected, and Industrial Production edged higher, both signaling that consumers and businesses are staying strong. Employment also remains healthy, adding further confidence to the outlook.

With markets closely watching the upcoming PCE Price data, rates could have even more room to improve. It’s a great time to explore your options. If you, or anyone you know, is interested in obtaining mortgage financing, reach out to my team today at 541-815-6596.