September 26th, 2025 5:01 PM by T. Fanning
Happy Friday! I hope you have a good weekend!
Last week mortgage rates swung around, but this week they’ve barely moved, and today was no different. The reason makes sense—PCE (Personal Consumption Expenditures) inflation, the Fed’s preferred gauge, came in exactly as expected. If the numbers had surprised in either direction, rates would likely have shifted more.
Next week kicks off pretty quiet on Monday with no major data, just a round of Fed speeches. Starting Tuesday, reports begin rolling in, leading up to the bigger ones mid to late week—like ADP jobs numbers, the ISM Manufacturing Index (measures the health of the US manufacturing sector), and Friday’s big Employment Report. Expect the most market movement later in the week.
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