Michael Roth - Mortgage Loan Officer - NMLS 809383

📊 Fed Chair Kevin Warsh made his debut this week.

✅ Rates held steady, but a divided Fed and Warsh's focus on "price stability" increased expectations for potential rate hikes later this year.

👀 Next up: Core PCE, GDP data, and ongoing Middle East developments.
🏡 Mortgage strategy:
🔒 Lock for short-term contracts.
🌊 Cautiously float for longer-term timelines.

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📈 Jobs Report Shakes Up Rate Expectations
May added 172,000 jobs—nearly double expectations—and for the first time in years, job revisions were actually positive. 💪
That's great news for the economy, but it could mean higher mortgage rates as markets now speculate the Fed may need to stay tougher on inflation. 👀
Next up: 📊 CPI inflation data on Wednesday and continued developments in the Middle East.
Want to know what it could mean for mortgage rates and homebuyers? Read this week's full market update! 👇
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Big week in the markets 📊 A new Fed Chairman is in place 🏦, but inflation came in hotter than expected 🔥—pushing talk of potential rate hikes 📈 back on the table. The 10yr is hovering above 4.5% 📉, which could mean higher rates ahead.

Next week is light on data 🗓️, but all eyes are on Fed minutes 👀 and global headlines (especially Iran 🌍). Reach out anytime if you want to strategize! 💬