MARKET UPDATE

THE FED: NO RUSH, NO PROBLEM

Rates improved again this week, even without a Fed rate cut. But what does that mean for the housing market, and where are we headed next? Let’s break it down.

The Fed held rates steady, signaling confidence in the economy. Translation: no panic, no surprises, and no sudden moves that could rattle mortgage rates. This morning, the average lender is offering top-tier conventional 30-year fixed rates near 7.05% with no points (source: mortgage news daily).

Here’s what’s shaping the Portland market right now:

• The last two times rates were at these levels, they improved—and it may be happening again.
• Oil prices dropped. Why does that matter? Because lower oil prices reduce inflationary pressure, which helps mortgage rates ease.
• Europe’s central bank cut rates, which could eventually pressure the Fed to follow.
• Economic growth slowed in Q4—not great news overall, but bonds love weaker economic data. Translation: another tailwind for lower mortgage rates.
• The unemployment rate remains low, and as we all know—jobs buy homes.

If you need help understanding the rate landscape or strategizing how to make the most of this moment— reach out! As always, feel free to share this and let me know if you need anything— I’m only an email, call, or text away :)