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 Market update
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 […]