How It Started

The week opened with mortgage rates facing continued pressure as inflation concerns remained front and center. Rising oil prices and uncertainty around global events kept financial markets cautious, making meaningful rate improvement difficult early in the week. At the same time, conversations around the Federal Reserve and its next moves began taking center stage, with growing attention on how new leadership may approach inflation and interest rates moving forward.

Where We Are Now

As the week progressed, sentiment improved as reports of renewed negotiations between the U.S. and Iran helped calm some market concerns. Mortgage rates found more stability, while housing data showed buyers are still active despite affordability challenges. Pending home sales improved again, signaling that demand remains stronger than many expected.

Where We’re Headed

Markets are now watching new Fed Chair Kevin Warsh closely to see how aggressively inflation will be addressed moving forward. If conditions continue improving, rates could stabilize and help bring more confidence back to buyers and sellers. For now, the housing market continues to show resilience, with buyers gradually adjusting to today’s environment and demand remaining steadier than many expected.

Thinking About Buying or Refinancing?

The market is constantly changing, and even small shifts in rates or inventory can create new opportunities for buyers and homeowners. Whether you’re exploring your options for the first time, planning a move, or considering refinancing, having a strategy matters more than trying to perfectly time the market.

If you’d like personalized guidance based on your goals and current market conditions, let’s connect.

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