📉 Weekend Mortgage Rate Update: Powell’s Speech Shakes the Market

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Mortgage rates just hit new lows for 2025—but don’t assume they’ll stay there.

On Friday, Fed Chair Jerome Powell made it clear: the labor market is cooling, and a rate cut could be on the table as soon as September. He also downplayed tariff-driven inflation as a long-term threat.

Markets reacted fast. Bonds rallied, and the average 30-year fixed mortgage rate dropped to the lowest level since October 2024.

Why it matters:
This kind of drop doesn’t happen every day. And when the window’s open, it’s smart to lock in your rate or revisit your refinance strategy.

Next week’s inflation data and Fed commentary could swing the market again.

 

Want clarity on your options before the market moves?
Just comment, message, or give me a call—I’m here to help.