📊 Mortgage Market Update – Week of June 3, 2025 📊
This week started with some good news—mortgage rates dipped early in the week, giving buyers a short window of improved affordability.
🏡 30-Year Fixed: Averaged 6.85% earlier this week
📉 That marked the first decline in nearly a month
📈 But Friday changed everything…
👀 What Happened?
All eyes were on Friday’s jobs report, and it packed a punch.
Markets were bracing for signs of a weakening economy, but the report came in stronger than expected—which spooked the bond market. As a result, mortgage rates bounced back up to near last week’s levels.
💡 Why This Matters:
Mortgage rates are closely tied to the bond market, which reacts to economic data.
A stronger economy → fear of persistent inflation → investors expect the Fed to delay rate cuts → higher mortgage rates.
🎯 What This Means for You
The window to lock in a better rate can open and close quickly. Even one report can shift the market.
🛑 If you’ve been waiting for the “perfect moment,” realize this:
Moments don’t last—markets move.
📲 Let’s run your numbers today and lock in before the next swing.
Source: National Mortgage News and Mortgage News Daily
Cannon Mortgage Company, Inc. | NMLS #123456
Equal Housing Opportunity.
This is not a commitment to lend. All loans are subject to credit approval and property appraisal.
Terms and conditions apply. Rates and programs are subject to change without notice.
Licensed in NC and SC.
For licensing information, visit www.nmlsconsumeraccess.org.
