@whatsamortgage_: Mortgage rates are not looking good going into the winter. Last week’s jobs report gave us only 29,000 new jobs, and unemployment went from 4.1% to 4.2%. Normally, you’d think that’s good news for mortgage rates. But the Fed is still saying the labor market is relatively stable while inflation remains too high—and a big part of the recent inflation pressure is coming from energy costs. So here’s my opinion: It feels like they’re saying, without actually saying it, there’s still room for things to get worse. More rate hikes. More pressure on businesses. More people potentially losing jobs. All in the name of bringing inflation down. But raising interest rates doesn’t lower the price of energy. I’m not pro-war or anti-war in this conversation. I’m talking strictly economics. If these wars and geopolitical tensions ease and energy prices fall, that could take pressure off inflation, the 10-year Treasury and eventually mortgage rates. That could finally help homeowners refinance into lower payments and make buying a home more affordable. So if you’re waiting for these economic reports to signal that significantly lower mortgage rates are here yet— I’m not seeing it. Right now, I’m watching energy and inflation. Follow me to stay updated with mortgage rates.

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2026-10-06 00:09:42

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