July 2nd, 2026 8:42 PM by T. Fanning
Happy Independence Day weekend!
I hope you have a safe and enjoyable long weekend celebrating with family and friends. Financial markets will be closed on Friday in observance of the 4th of July. Here's a quick look at what happened in the mortgage market this week.
Mortgage markets were mostly driven by June's jobs report this week, which showed hiring slowed more than expected, pointing to a cooling labor market. While job openings remained fairly strong, fewer people were looking for work, suggesting employers are becoming more cautious about hiring. Even though the economic news generally supported lower mortgage rates, rates ended the week mixed due to end-of-quarter market activity rather than a major change in the economy.
Looking ahead, markets will stay focused on the situation in the Middle East and any progress toward easing tensions, along with comments from Federal Reserve officials about future interest rate policy. This week also includes the release of the Fed’s June meeting minutes on Wednesday. On the economic calendar, we’ll get the ISM services report on Monday and existing home sales on Thursday, both of which can give a better read on the health of the economy and housing market.
Please feel free to contact me if I can provide guidance or assistance to you or someone you know!
For a detailed list of programs we offer, please visit: www.homeloanmortgageco.com/mortgageprograms
Regulated by the Colorado Division of Real Estate
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.