What Did Rates Do This Week?
Mortgage rates stayed roughly the same compared to last week. The market didn’t see much movement, partly because the government shutdown delayed key economic reports, including the jobs report. Without fresh data, investors had little reason to push rates higher or lower.
What to Look Forward to Next Week
Looking ahead, markets will continue to watch for updates on when the government will reopen and when those postponed reports will be released. Any news about economic growth, inflation, or Federal Reserve policy could create movement in mortgage rates. For now, rates remain steady near recent levels.
Lock or Float Bias
Since rates have been holding steady, locking may be a smart choice for buyers who want certainty in their monthly payment. Floating could still work for clients willing to take a risk, but without major economic data in play, there may not be much immediate opportunity for lower rates.
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