📉 Average 30-Year Fixed Near 10-Month Lows
After Labor Day, mortgage rates are holding steady near their lowest point since October 2024 — and here’s why:
✅ The jobs report on August 1st showed the labor market slowing down
✅ Powell’s Jackson Hole speech hinted the Fed may cut rates soon
✅ Weak manufacturing data added more downward pressure on rates
✅ Global bond markets (especially Europe) added some volatility, but U.S. rates remained stable thanks to softer economic signals
🔍 What does it all mean?
Rates are low right now because markets expect the Fed to shift toward supporting growth — but one hot inflation report or strong jobs number can change that fast.
📦 Bottom Line:
If you're thinking about buying or refinancing, don't wait for perfect timing — the market moves on expectations, not announcements.
Let’s talk about how to take advantage while the window is open! 💬📲
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