June 26th, 2026 1:58 PM by T. Fanning
Hope you've had a great week! As we wrap up another week, here's a quick look at the biggest economic news and market trends that helped shape mortgage rates.
Mortgage rates ended the week a little lower as oil prices dropped after signs of easing tensions in the Middle East helped calm inflation concerns. Most economic reports came in as expected and didn't have much impact on the markets. The Fed's preferred inflation measure, Core PCE, showed inflation is still running above its 2% goal, reminding investors that inflation remains stubborn and the Fed is likely to stay cautious.
Looking ahead, investors will be watching developments in the Middle East and any progress toward easing tensions, along with comments from Federal Reserve officials about future interest rate decisions. On the economic front, reports on job openings and consumer confidence arrive Tuesday, followed by manufacturing data Wednesday. The biggest report of the week comes Thursday with the latest jobs numbers, unemployment rate, and wage growth data, all of which can influence mortgage rates. Mortgage markets will be closed Friday in observance of the Fourth of July holiday.
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