Weekly Update - 9/11/26

Hello! I hope you’re having a fantastic Friday and ready for this week's Market Weekly.

Mortgage rates climbed again last week, reaching levels not seen in more than a year. Oil prices kept rising, feeding concerns about inflation. The most recent consumer price data matched expectations, with a 0.4% month‑to‑month increase and a yearly rise that held steady at 3.4%. Core CPI, which leaves out food and energy, was 2.4% higher than a year ago—the lowest rate since March 2021. Housing costs were up 3% year‑on‑year, making it harder for inflation to hit the Fed’s 2% target. Investors are pricing in about a 90% chance that the Fed will raise the federal funds rate at next week’s meeting. Meanwhile, the ECB bumped its benchmark rate by 25 basis points, citing energy‑price pressures and geopolitical uncertainty. All of this means mortgage rates could stay a bit choppy.

Next week we’ll keep an eye on the Middle East situation and oil prices, both of which can sway mortgage rates. The Federal Reserve’s meeting on Wednesday could shift expectations, and retail sales data released that day will show how consumers are doing. Then, on Thursday, housing starts data will offer more clues about how the market is moving.

Thanks for reading this week's update—I’m here if you have any questions!

Please feel free to contact me if I can provide guidance or assistance to you or someone you know!

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

Regulated by the Colorado Division of Real Estate www.nmlsconsumeraccess.org