Happy Halloween!
This week brought a surprise for mortgage rates. Even though the Fed cut its key rate, mortgage interest rates gave back some of their earlier decreases. Fed Chair Jerome Powell said another cut in December “is not a foregone conclusion,” noting there are big differences among policymakers on what to do next. That uncertainty rattled the market a bit, making investors more cautious and less confident about another rate cut this year.
Next week looks busy with reports that could affect mortgage rates. Monday brings the ISM manufacturing report, which shows how U.S. factories are doing, and Wednesday has ADP’s jobs report, which tracks private company hiring. A few other updates and Fed speeches early in the week could also move the market.
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Hi,
U.S. inflation ticked up in September, but the Fed is still expected to cut rates next week. The Consumer Price Index report, delayed by the shutdown, showed prices rising modestly and slightly below what economists expected, easing concern that inflation is speeding up. Even with the small increase, the Fed seems more focused on signs the job market is weakening than pushing inflation down further. Another rate cut in December is possible but not guaranteed and will depend on new data. Rates ended the week mixed.
Next week was supposed to be packed with reports and events, but the government shutdown means most of that data won’t come out. There is still one report from the Conference Board on Tuesday that people will watch. But the main event will be the Fed meeting, which wraps up Wednesday afternoon.
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Hello, I hope you’ve had a great week!
This past week, mortgage rates barely moved as markets waited for fresh economic data. Investors kept a close eye on signs of slowing growth and what that might mean for the Fed’s next move. With few major reports to react to, things stayed pretty calm overall, giving borrowers and lenders a bit of a breather after recent volatility.
Next week kicks off Monday with the release of September’s Leading Economic Indicators from the Conference Board, a business research group based in New York. This report looks ahead to predict how the economy might perform over the next few months. It normally doesn’t get much attention, but with little other data coming out lately, it could have a bigger impact on financial and mortgage markets this time.
Happy Friday!
Mortgage rates moved lower this week after a big drop in bonds on Friday, sparked by President Trump’s threat to hit China with additional “massive tariffs.” The market reacted fast, pushing investors toward safer assets like bonds, which helped ease rates. The government shutdown and delayed economic reports also added to the uncertainty, leaving traders to focus mostly on global headlines instead of U.S. data.
Next week was supposed to bring a bunch of major economic reports, including two key inflation updates and a big consumer spending report. But with the government shutdown, those releases are likely delayed—especially since it’s unclear if the data was finished before things shut down. Even if the government reopens soon, it’s unlikely we’ll see the reports on time. That means the Fed’s upcoming meeting later this month might happen without some of the important data they usually rely on.
Hello October! I hope you’re having a good day!
This past week was pretty calm for mortgage rates, with only small day-to-day changes. The U.S. government shutdown, which means the all-important jobs report has been delayed, leaving markets without one of their usual key indicators. Without that data, rates still drifted a bit lower, influenced instead by smaller economic updates and Fed commentary.
Next week is pretty light on major reports, but there are still a few things to watch. Two long-term Treasury auctions are happening since they aren’t affected by the shutdown, and the Fed will release minutes from last month’s meeting. On top of that, plenty of Fed officials are scheduled to speak. Monday looks quiet with nothing important lined up.
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