📊 Market Update: What You Should Know This Week

📊 Market Update: What You Should Know This Week

Stocks are strong, with the S&P 500 and Nasdaq hitting new highs, while mortgage rates ticked up slightly as 10-year yields moved higher.

🗞 President Trump met with Fed Chair Powell, and instead of tension, the visit brought calm. This could mean more stability for markets moving forward.

📦 Durable Goods Orders dropped, but the core data that feeds into GDP came in stronger than expected—a small win for the economy.

📉 GDP growth is still sluggish, averaging under 1% for the year. All eyes are on next week’s job and inflation data, which could shift rates.

📈 Mortgage Bonds are holding support, and if yields stay down, that’s good for mortgage rates.

💡 What This Means for You:

The market is holding steady despite mixed data. If you’re thinking about buying or refinancing, now’s a great time to explore your options.