What Did Rates Do This Week?
Mortgage rates inched up slightly this week, but overall the market didn’t see major movement. The Federal Reserve meeting helped stabilize expectations, and while rates reacted with a small upward shift, the broader trend remained relatively steady. For buyers and sellers, this means the mortgage rate market is still in a holding pattern rather than making any dramatic moves.
What to Look Forward to Next Week
Next week, the mortgage market will be focused on new economic data—particularly inflation indicators and the CPI reports. These numbers play a big role in shaping mortgage rate trends because they influence how investors feel about the economy and what the Fed may do next. If the data shows cooling inflation or softer economic activity, rates could ease. If the reports come in hotter than expected, we may see additional upward pressure. Either way, the theme remains stability rather than volatility.
Lock or Float Bias
With rates rising slightly but not breaking out of their current range, many borrowers may benefit from a “lock if you’re comfortable” approach. Today’s rate environment is still relatively steady, but upward pressure is possible depending on next week’s data. For buyers who have found a home and want certainty in their monthly payment, locking may offer peace of mind. For those with a little more time and flexibility, floating remains reasonable—but should be done with awareness of market risk.
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