MARKET UPDATE

A COLD FRONT FOR RATE CUTS?

Inflation is back in the spotlight after hotter-than-expected reports rippled through financial markets this week. With inflation remaining sticky and Fed Chair Jerome Powell still signaling no rush to cut rates, expectations for Fed rate cuts have been pushed back—possibly to late September.

This morning, the average lender is offering top-tier conventional 30-year fixed rates near 6.96% with no points (Source: Mortgage News Daily).

What This Means for Us in Portland, OR:

• Mortgage rates remain near 7%, but home prices continue to hold steady.
• Buyers who act now may avoid potential future rate volatility.
• Uncertainty around inflation and trade policy could impact long-term affordability.

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