What Did Rates Do This Week
Mortgage rates held steady this week, showing little change from last week. With the government still shut down, markets have had limited economic data to react to. The lack of reports and updates kept rates in a narrow range as investors wait for more clarity on the broader economy.
What to Look Forward to Next Week
Looking ahead, all eyes remain on the government’s progress toward reopening. Once operations resume, delayed reports—especially those tied to jobs and inflation—will help guide rate direction. Until then, the mortgage market is likely to stay relatively quiet and stable.
Lock or Float Bias
With rates steady and minimal economic movement, locking may be a smart choice for borrowers who want to protect their rate now. Floating could still make sense for those comfortable with some uncertainty, but meaningful changes are unlikely until the government reopens and fresh data becomes available.
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