Jim Apessos - Barrett Financial Group

New 5.0-star Review: "This was the quickest and most pleasant experience I’ve had doing business. Very professional friendly and efficient. Thank you for taking any stress or possible frustration out of procuring my home loan."

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝗪𝗲𝗲𝗸 𝗼𝗳 𝗝𝘂𝗻𝗲 𝟮𝟵, 𝟮𝟬𝟮𝟲

𝗟𝗮𝘀𝘁 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗥𝗲𝗰𝗮𝗽: 𝗥𝗮𝘁𝗲𝘀 𝗶𝗺𝗽𝗿𝗼𝘃𝗲𝗱 👍
Mortgage rates started the week by moving higher but rebounded to end the week slightly lower on average. Rates were helped by falling oil prices, and although inflation posted its largest annual increase in three years, markets expect inflation to ease now that a deal is in place with Iran.

𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗯𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗲 ⚠️
A full slate of labor market data this week could affect expectations for future Fed policy rate hikes. With all of the reports packed into a holiday-shortened week, mortgage rates could see larger-than-normal day-to-day swings as markets react to the data.

📈 𝗪𝗵𝗮𝘁’𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
• Independence Day: Markets (and most lenders) will close early on Thursday and will be closed Friday for the Independence Day holiday.
• Economic data: A number of labor market reports will be released Tuesday, Wednesday, and Thursday. Depending on what the data shows about the strength of the labor market and how markets react, we could see volatility in mortgage rates this week.
• The Fed: If markets view stronger labor data as a sign the Fed is more likely to hike rates in July or September, it could put upward pressure on mortgage rates.