05/08/2026
🎉 Happy Friday! 🎉
📊 This Week in the Markets
It was Jobs Week, which usually moves mortgage rates 📈📉—and the jobs numbers actually came in better than expected (about 110,000 new jobs vs. 60,000 expected).
🌍 What Really Mattered
Despite the jobs data, global tensions—especially involving Iran—were the real drivers this week 😬. Those headlines pushed oil prices 🛢️ and mortgage rates around more than anything else.
📉 Rates Rollercoaster
• Hopes of peace? ✅ Mortgage bonds improved
• Tensions flared again? 🔥 Rates slipped
• Conditions eased? 🙏 Nice gains to end the week
🔮 What’s Next?
If things stabilize, oil prices keep falling, and shipping lanes reopen 🚢, we could see mortgage rates trend back down toward earlier levels from this year 📉.
📞 Enjoy the Weekend!
Have a great weekend! Reach out anytime if I can help! 😊