Weekly Market Update

“What do you do if you're driving in the fog? You slow down,” said Fed Chair Powell after the Federal Reserve announced a quarter-point rate cut. Markets were well-prepared for this move, and Powell’s comments suggested the Fed may take a brief pause at its December meeting to evaluate progress before making its next move. This measured approach shows confidence in the overall direction of the economy while allowing time to ensure stability and sustainable growth.

Even with some federal data delayed, private and state-level reports continue to reflect a solid labor market and ongoing economic strength. While we’re temporarily missing a few official reports, most models still project third-quarter growth in the healthy 2% to 4% range—a strong indication of resilience and momentum.

This week’s ISM data will provide further insight into business activity and economic confidence. If the surveys continue to show improvement, we may see mortgage rates trend slightly higher as optimism builds and markets look ahead to a steady finish for the year.

If you, or anyone you know, is interested in obtaining mortgage financing, reach out to my team today at 541-815-6596.