August 22nd, 2025 4:27 PM by T. Fanning
Hello, I hope all is well!
Fed Chair Powell’s Jackson Hole speech pushed mortgage rates lower, in line with market expectations after the weak August 1st jobs report. He suggested the labor market could be soft enough to allow a near-term rate cut despite uncertain inflation, sending rates on conventional ARMs, government loans, and jumbo programs to their lowest levels since October 3, 2024, while conventional fixed-rate programs remained mostly unchanged.
Next week features several economic reports, a few short-term Treasury auctions, and Fed speeches. The main focus will be a key report later in the week that the Fed uses to track inflation, which could influence their next policy move. The week begins with July’s New Home Sales report on Monday.
For a detailed list of programs we offer, please visit: www.homeloanmortgageco.com/mortgageprograms
If I can help you or anyone you know, please reach out! I’m happy to assist in any way I can!
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