Stocks closed lower across the board today. • The Dow Jones fell 279 points, ending the day at 44,371.51. • The S&P 500 slipped 20.71 points, closing at 6,259.75. • Mortgage Bonds also finished lower, applying slight upward pressure on mortgage rates. Spotlight on the Fed – Mixed Signals and Market Frustration Fed Chair Jerome […]
Weekly Market update
Crestone Mortgage Economic Commentary: July 4, 2025
Crestone Mortgage Economic Commentary – June Jobs Report The Bureau of Labor Statistics (BLS) reported that 147,000 jobs were created in June, coming in above expectations of 110,000. Adding to the upside, revisions to the prior two months showed a net gain of 16,000 jobs—a notable shift after a long string of negative revisions. However, […]
Weekly Rates Email For 6-27-25
Personal Consumption Expenditures (PCE) The Fed’s preferred gauge of inflation, the PCE Index, came in largely as expected for May. Headline inflation rose 0.1% for the month and 2.3% year over year — right on target with market forecasts. The Core PCE, which excludes food and energy and is the Fed’s primary focus, rose 0.2% […]
Weekly Rates Email for 6-20-2025
Fed Meeting Recap Policy Decision The Fed held the federal funds rate steady, in line with expectations, and released its latest Summary of Economic Projections including the new Dot Plot. Rates Outlook The median projection still foresees two rate cuts in 2025. However, the tone shifted: seven members now anticipate zero cuts, up from four […]
Weekly rates Email for 6-13-25
This morning, Stocks and Mortgage Bonds are both trading lower following reports that Israel has launched strikes on several nuclear sites in Iran. Under normal circumstances, we’d expect global uncertainty like this to trigger a selloff in Stocks, with money flowing into the relative safety of Bonds—often helping to improve mortgage rates. However, the market […]
Crestone Mortgage Economic Commentary: June 6, 2025
Crestone Mortgage Economic Commentary: June 6, 2025 Labor Market Update: May 2025 Jobs Report The U.S. labor market exhibited resilience in May 2025, adding 139,000 nonfarm payroll jobs, surpassing expectations of 125,000. The unemployment rate held steady at 4.2%, maintaining its position near historic lows. Average hourly earnings increased by 0.4% to $36.24, marking a […]