12/08/2025
Market Update: Why Today's Rates Stayed Calm and Why That Matters
Friday's jobs report sparked a big rally in the bond market, and mortgage rates are responding.
What's Going On?
Last week, job numbers were revised significantly downward, removing around 253,000 jobs from the books. That weaker-than-expected labor picture helped bonds rally and mortgage rates drop to their lowest levels since October 2024. This week brought very little new data, and markets stayed calm. Lenders finally updated their rates to reflect last week's bond gains, so rates remained solidly low.
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What's Next?
Watch closely for Tuesday's CPI inflation report and remarks from Fed officials—either could trigger a rate shift. If inflation surprises, volatility returns.
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Rates Steady. Opportunities Waiting.
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