A QUIET WEEK... BEFORE THE STORM?
Markets stayed calm this week — but don’t mistake it for real stability. Trade tensions with China are still hanging out in the background, and the economic data isn’t exactly giving buyers the green light. It's less "good news" and more "hold your breath and hope for the best."
Rates & Portland Market Takeaways:
- Jobless Claims rose to 222k— signs the job market is softening.
- Inventory climbed 8.1% — more listings, but prices and rates are still tough on buyers.
- Rates: This morning, the average lender is offering top-tier conventional 30-year fixed rates near 6.92% with no points (source: mortgage news daily).
What This Means for Buyers and Sellers:
Inventory is finally creeping up, giving buyers more choices. But between higher prices and higher rates, serious buyers have to be sharp, strategic, and fully prepped. Sellers can still win with smart pricing, but they can’t just list and wish anymore.
As always, feel free to share this or reach out if you need anything :)