July 10th, 2026 1:15 PM by T. Fanning
I hope you had a great Fourth of July! Here's a quick recap of what happened in the mortgage market this week.
Mortgage markets were mostly driven by June's jobs report this week, which showed hiring slowed more than expected, pointing to a cooling labor market. While job openings remained fairly strong, fewer people were looking for work, suggesting employers are becoming more cautious about hiring. Even though the economic news generally supported lower mortgage rates, rates ended the week mixed due to end-of-quarter market activity rather than a major change in the economy.
Looking ahead, investors will be watching developments in the Middle East and any new comments from the Fed about interest rates. This week's biggest reports include inflation data on Tuesday and Wednesday, Retail Sales on Thursday, and Housing Starts on Friday. These reports will give a better picture of inflation, consumer spending, and the overall health of the economy.
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