MARKET UPDATE

AFTER A WILD WEEK, CALM RETURNS (SORT OF)

After last week’s spike, rates calmed as the Fed and Treasury stepped in with verbal support. While mortgage rates remain elevated, market stability is returning — for now. The next big move hinges on tariff negotiations and global bond demand.

This morning, the average lender is offering top-tier conventional 30-year fixed rates near 6.87% with no points (source: Mortgage News Daily).

Rates & Portland Market Takeaways:

• Economic “hard data” like retail sales and jobs remain strong, while “soft data” (consumer sentiment) shows unease.
• No major economic reports next week — focus shifts to Treasury auctions and global sentiment.

As always, feel free to share this or reach out if you need anything.