MARKET UPDATE

RATES STEADY, CHANGES AHEAD

Mortgage rates remain steady, with the average lender offering top-tier conventional 30-year fixed rates near 7.11% with no points (Source: Mortgage News Daily). While disinflation efforts continue, housing and mortgage sectors are feeling the strain. Fiscal policy changes under President Trump continue to introduce uncertainty for the future of mortgage rates. Trump says he’s demanding lower rates— and honestly, same. As markets adjust to policy changes and sentiment, all eyes are on next week’s Federal Reserve meeting (no rate cuts expected) and upcoming U.S. economic data.

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