Market Perspective

The past week was relatively quiet for mortgage markets. While the major economic data was a bit stronger than expected overall, it did little to alter the outlook for future growth. As a result, mortgage rates ended the week nearly unchanged.

While investors were on the lookout for new developments in the Middle East or on tariffs, there was little market-moving news in these areas over the past week. The economic data revealed a much weaker than expected reading for consumer confidence, which was positive for mortgage markets, and rates ended the week a little lower.

There were no notable surprises in the Federal Reserve meeting this week, and it caused little reaction. The most significant economic report released over the past week revealed that consumer spending was weaker than expected, which was mildly positive for mortgage markets, and rates ended the week slightly lower.

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While news about tariffs continued to add volatility in mortgage markets over the past week, its lasting influence was relatively small. This week’s economic data provided a mixed message about inflation. The most recent inflation report was lower than expected, but wage gains exceeded the consensus forecast, increasing future inflationary pressures. The net result of this offsetting data was that mortgage rates ended the week with little change.

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News about tariffs again caused some volatility in mortgage markets over the past week, but its net effect was relatively small. The major economic data was weaker than expected overall, and mortgage rates ended the week a little lower.

News about tariffs caused some volatility in mortgage markets over the past week but had little lasting impact. This week’s economic data also caused just a minor reaction, and the spotlight was mostly on the housing sector. Mortgage rates ended the week slightly higher.

Like the Consumer Price Index (CPI) released last week, the latest major inflation data was lower than expected, which was positive for mortgage markets. However, this news was offset by increased concerns about larger budget deficits. As a result, mortgage rates ended the week with little change.

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While the major inflation data released over the past week was a little lower than expected, it was overwhelmed by the news of a reduction of tariffs between the U.S. and China. As a result, mortgage rates ended the week higher.

Is it enough to calm market jitters?

The major economic data released over the past week was a little stronger than expected overall, and there were no significant surprises from the Federal Reserve meeting. As a result, mortgage rates ended the week slightly higher.

Mortgage markets remained volatile over the past week, and the major economic data was generally a little weaker than expected overall. As a result, rates ended the week lower.

Mortgage markets were volatile yet again over the past week, but rates ended with little change. It was a light week for economic reports, and the political headlines were the main driver of market movements.