01/06/2025
๐ ๐๐ผ๐ฟ ๐๐ต๐ฒ ๐ช๐ฒ๐ฒ๐ธ ๐ผ๐ณ ๐๐ฎ๐ป๐๐ฎ๐ฟ๐ ๐ฒ, ๐ฎ๐ฌ๐ฎ๐ฑ
๐๐ฎ๐๐ ๐ช๐ฒ๐ฒ๐ธ'๐ ๐ ๐ผ๐ฟ๐๐ด๐ฎ๐ด๐ฒ ๐ฅ๐ฎ๐๐ฒ ๐ฅ๐ฒ๐ฐ๐ฎ๐ฝ: ๐ฅ๐ฎ๐๐ฒ๐ ๐ฏ๐ฎ๐๐ถ๐ฐ๐ฎ๐น๐น๐ ๐๐ป๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ๐ฑ ๐
Mortgage rates started the new year unchanged, and that should be considered a win after watching rates move higher in the first half of December.
๐ง๐ต๐ถ๐ ๐ช๐ฒ๐ฒ๐ธ'๐ ๐ ๐ผ๐ฟ๐๐ด๐ฎ๐ด๐ฒ ๐ฅ๐ฎ๐๐ฒ ๐๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐: ๐ฅ๐ฎ๐๐ฒ๐ ๐ฐ๐ผ๐๐น๐ฑ ๐บ๐ผ๐๐ฒ ๐ต๐ถ๐ด๐ต๐ฒ๐ฟ ๐
Mortgage rates are expected to rise in early 2025, and that trend could begin this week with strong labor market data and concerns about rising inflation. House hunters should get comfortable with these rates, because it is unlikely we will see rates move much lower without signs of a weakening economy and a softening labor market.
๐ ๐ช๐ต๐ฎ๐'๐ ๐ฎ๐ณ๐ณ๐ฒ๐ฐ๐๐ถ๐ป๐ด ๐ฟ๐ฎ๐๐ฒ๐ ๐๐ต๐ถ๐ ๐๐ฒ๐ฒ๐ธ:
- Labor market data: Key reports this week will cover job openings, new job creation, layoffs, and unemployment rates. Signs of a resilient labor market support rates remaining at these levels or moving higher.
- Treasury debt: This week brings $119 billion of fresh government debt being issued, and generally an increase in supply will pressure Treasury yields higher, which could contribute to pushing mortgage rates higher.
- The Fed: Minutes from last month's Fed meeting will be released this week, and signs that the Fed is done cutting its policy rate for awhile could put pressure on mortgage rates.