February 27th, 2026 3:19 PM by T. Fanning
Just a week ago it was snowing, and now it’s hitting the mid-60s—almost 70 tomorrow! Gotta love Colorado!
It was a pretty quiet week for mortgage markets since there wasn’t much major economic news. The Producer Price Index (PPI) report, which tracks costs for businesses, came in higher than expected, but it didn’t move markets much because investors care more about consumer inflation reports. Mortgage rates dipped slightly and are now at their lowest levels since late 2022. Weekly jobless claims were lower than expected, showing employers still aren’t laying people off, even though hiring may be slowing. Meanwhile, lower rates are driving a big jump in refinance applications, but high costs and uncertainty are still holding back home purchases.
Looking ahead, investors will be watching what government leaders say about tariffs and listening for clues from the Fed about future interest rate moves. A couple of key reports are coming too: the ISM manufacturing report on Monday and the services report on Wednesday, which show how businesses are doing. The big one is Friday’s jobs report, which includes how many jobs were added, the unemployment rate, and how fast wages are growing — all important signs of how strong the economy is.
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