Weekly Update - 11/6/26

Hello! Hope you had a great week. Here’s this week’s Market Weekly. Have a great weekend!

It was another good week for mortgage markets, with bonds rallying after the election, oil prices falling, and investors moving money into safer investments. The October jobs report showed 165,000 new jobs, well above expectations, and the strong report increased the chances of the Fed raising rates again. In fact, markets are now pricing in roughly an 80% chance of a rate increase at the next meeting. Bottom line: With inflation still above the Fed’s target and the economy showing mixed signals, mortgage rates could remain a little bumpy in the weeks ahead.

Looking ahead, the Middle East and oil prices will continue to be a major focus, as they have been for some time. This week, we’ll get the latest CPI inflation report Tuesday, Existing Home Sales Thursday, and PPI inflation data Friday. Mortgage markets will also be closed Wednesday for Veterans Day.

Thanks for reading this week’s update! If you have any questions, feel free to reach out anytime. I’m always happy to help!

For a detailed list of programs we offer, please visit: www.homeloanmortgageco.com/mortgageprograms

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