Weekly Market Update

The economy is showing a lot of potential, even with some mixed data. While unemployment has slightly increased to 4.6% and job growth came in a bit below expectations, this actually opens up the opportunity to refine our understanding of the economic landscape. The Consumer Price Index showed encouraging annual decreases, and though there are some questions around the methodology, it leaves room for more optimistic readings in the future. This means that the Fed could keep interest rates steady, offering continued stability for the housing market as we head into the New Year.

Looking ahead, this week’s GDP and Consumer Confidence reports could add even more positive momentum. If GDP shows steady or better-than-expected growth, mortgage rates could stay in a favorable range, and if Consumer Confidence rises, we might even see rates tick down. All in all, there’s good reason to be optimistic about the economy and the direction mortgage rates are heading.

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 help you navigate these exciting opportunities!