Weekly Market Update

The markets are showing resilience, with mortgage rates holding steady within a tight range, even amidst the fluctuations in the stock market. While the news around tariffs and trade statements has created some volatility, investors remain focused on the promising long-term outlook. The latest Consumer Sentiment data, though showing a slight decrease, highlights the opportunity to stay ahead by monitoring future expectations for the economy and inflation. The Consumer Price Index is actually showing better-than-expected results, which suggests that inflationary pressures on consumers are more manageable than anticipated. On the other hand, producer prices are slightly higher, offering a balanced perspective on inflation trends.

Looking ahead, the upcoming week is shaping up to be an exciting one with positive potential. Retail Sales and Industrial Production are both expected to show strong growth, further signaling the strength of the economy. The Federal Reserve’s meeting, which will include the updated Summary of Economic Projections (SEP), will offer valuable insights into their economic outlook. While no immediate changes in the Fed Funds rate are expected, the SEP update will be closely watched for clues on how trade policy and inflation expectations could influence future rates.

With these positive economic signals, there’s a strong possibility that mortgage rates will stay favorable for homebuyers and refinancers alike.

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 opportunities and secure the best possible financing options for your needs.