08/11/2026
Guys! I have some exciting news & market update!
Michelle with Smart Home Lending shared this week’s mortgage and market update with me and there are some encouraging signs for buyers and homeowners I wanted to share with you!
Labor Market is Showing Signs of Cooling.
The latest economic reports indicate that the job market may be slowing, which is something the Federal Reserve watches closely when making decisions about interest rates.
Key highlights from the week of August 3:
• July’s Jobs Report came in weaker than expected, with unexpected job losses reported.
• Private sector hiring slowed during July.
• Additional economic data suggests continued cooling in the labor market.
What We’re Watching This Week:
Several important reports could impact mortgage rates and the housing market:
• Tuesday – Existing Home Sales.
• Wednesday – Consumer Price Index (CPI) Inflation Report.
• Thursday – Producer Price Index (PPI) & Weekly Jobless Claims.
• Friday – Retail Sales Report.
These reports will provide a clearer picture of inflation, employment, and consumer spending trends as we move through August.
Current Mortgage Rates:
• Conventional 30-Year Fixed: 6.625%
• Conventional 15-Year Fixed: 5.99%
• Jumbo 30-Year Fixed: 6.375%
• FHA 30-Year Fixed: 6.125%
• VA 30-Year Fixed: 6.25%
• USDA 30-Year Fixed: 6.125%
If you’ve been thinking about buying, selling, refinancing, or simply want to know how today’s rates affect your goals, reach out and let’s chat!
CC: 816-598-2188
ReeceNichols O: 816-524-7272
CE: [email protected]
Licensed in Missouri and Kansas
