MARKET UPDATE

ANOTHER WEEK, ANOTHER RATE DROP

This morning, the average lender is offering top-tier conventional 30-year fixed rates near 7.03% with no points (source: mortgage news daily), marking three straight weeks of declines.

Why are rates dropping?

• Treasury Yields Falling
• Lower Oil Prices
• Stronger Global Bond Demand

Whats next?

• Key Inflation Reports – The upcoming Consumer Price Index (CPI) and Producer Price Index (PPI) will be critical in shaping the Fed’s next moves.

Rates are heading in the right direction, and if inflation data supports this trend, we could see further improvements. As always, feel free to share this and let me know if you need anything— I’m only an email, call, or text away :)