Weekly Update - 9/4/26

Hello! TGIF and I hope you have a wonderful Labor Day weekend ahead. Here is this week's Market Weekly to keep you updated on mortgage news.

Mortgage rates ended the week slightly higher as ongoing uncertainty in the Middle East created some market volatility. The U.S. economy added a surprising 162,000 jobs in August, far more than the 55,000 economists expected, although wage growth continued to slow and unemployment held steady at 4.1%. Business activity also remained solid, with both the services and manufacturing sectors showing continued growth. Bottom line: With inflation still above the Federal Reserve’s 2% target and uncertainty both here and overseas, mortgage rates could remain somewhat volatile in the weeks ahead.

Next week, we’ll continue to keep an eye on the conflict in the Middle East and any comments from Federal Reserve officials about where interest rates may be headed. We’ll also get some important economic reports, including Existing Home Sales, the Producer Price Index (PPI), and the Consumer Price Index (CPI) on Friday. With the mortgage market closed Monday for Labor Day, it should be an interesting week to see how these reports impact mortgage rates.

Thank you for taking the time to read this week's update. I’m here whenever you have 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

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