Weekly Market Update

Mortgage rates have held steady this week, offering stability as we await more clarity on the future. The Federal Reserve’s meeting last week reflected a sense of careful optimism, as Chair Powell acknowledged that potential shifts in trade, immigration, fiscal policy, and regulation could drive the economy in exciting new directions. The updated Summary of Economic Projections (SEP) continues to show that Fed members expect two rate cuts this year, even as they adjust their inflation outlook slightly higher and make slight revisions to GDP expectations. This signals a healthy outlook overall, with continued growth and resilience.

As many experts have pointed out, while there is some uncertainty around the administration's policies, the potential for positive economic impact remains strong. This week, we’ll also get a glimpse into consumer sentiment. If Consumer Confidence holds steady or even surprises to the upside, it could create favorable conditions for mortgage rates. And as the week wraps up with the PCE readings, a slight increase in the core reading could signal more stability in mortgage rates, reflecting the strength of the economy.

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 the opportunities ahead!