06/22/2026
๐ก ๐๐ผ๐ฟ ๐๐ต๐ฒ ๐ช๐ฒ๐ฒ๐ธ ๐ผ๐ณ ๐๐๐ป๐ฒ ๐ฎ๐ฎ, ๐ฎ๐ฌ๐ฎ๐ฒ
๐๐ฎ๐๐ ๐ช๐ฒ๐ฒ๐ธ'๐ ๐ ๐ผ๐ฟ๐๐ด๐ฎ๐ด๐ฒ ๐ฅ๐ฎ๐๐ฒ ๐ฅ๐ฒ๐ฐ๐ฎ๐ฝ: ๐ฅ๐ฎ๐๐ฒ๐ ๐๐ฒ๐ฟ๐ฒ ๐๐ป๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ๐ฑ ๐
Rates were volatile last week, moving higher on Wednesday after the Fed signaled policy rate hikes are likely this year, before falling back to end the week essentially unchanged. Markets were closed Friday for Juneteenth.
๐ง๐ต๐ถ๐ ๐ช๐ฒ๐ฒ๐ธ'๐ ๐ ๐ผ๐ฟ๐๐ด๐ฎ๐ด๐ฒ ๐ฅ๐ฎ๐๐ฒ ๐๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐: ๐ฅ๐ฎ๐๐ฒ๐ ๐ฐ๐ผ๐๐น๐ฑ ๐บ๐ผ๐๐ฒ ๐ต๐ถ๐ด๐ต๐ฒ๐ฟ ๐
For the first time in months, the conflict with Iran is no longer the biggest influence on mortgage rates. Markets are now focused on inflation concerns and the likelihood of Fed rate hikes. That could put upward pressure on mortgage rates, keeping them near current levels or pushing them higher.
๐ ๐ช๐ต๐ฎ๐โ๐ ๐ฎ๐ณ๐ณ๐ฒ๐ฐ๐๐ถ๐ป๐ด ๐ฟ๐ฎ๐๐ฒ๐ ๐๐ต๐ถ๐ ๐๐ฒ๐ฒ๐ธ:
โข The Fed: Last week's meeting included forecasts from many Fed officials that policy rates may need to move higher this year, with some members expecting more than one hike. New Fed Chair Kevin Warsh surprised markets by emphasizing the Fed's commitment to bringing inflation back to its 2% target rather than focusing on rate cuts. Mortgage rates are already pricing in the possibility of a Fed rate hike.
โข Economic data: Thursday brings the Fed's preferred inflation measure, the PCE report, and Friday brings consumer sentiment data. Both could play a role in mortgage rates this week.
