May 29th, 2026 1:33 PM by T. Fanning
Hello, I hope you’re having a great Friday!
News about possible progress in ending the conflict in the Middle East was the biggest factor affecting mortgage markets this week, helping mortgage rates move a little lower. Inflation is still staying higher than the Fed would like, which continues to put pressure on rates. At the same time, many Americans are saving less as everyday costs stay high, and consumer confidence dipped again as people remain worried about prices, jobs, and the economy.
Next week brings several important economic reports, including the closely watched ISM manufacturing report on Monday and the jobs report on Friday, both of which could impact mortgage rates. A few other economic updates will come out during the week as well. News from the Middle East could also affect markets, especially with President Trump expected to make a decision on the Iran peace plan.
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