Mortgage Market Update – Week of June 3, 2025

📊 Mortgage Market Update – Week of June 3, 2025 📊

This week started with some good news—mortgage rates dipped early in the week, giving buyers a short window of improved affordability.

🏡 30-Year Fixed: Averaged 6.85% earlier this week
📉 That marked the first decline in nearly a month
📈 But Friday changed everything…

👀 What Happened?
All eyes were on Friday’s jobs report, and it packed a punch.

Markets were bracing for signs of a weakening economy, but the report came in stronger than expected—which spooked the bond market. As a result, mortgage rates bounced back up to near last week’s levels.

💡 Why This Matters:
Mortgage rates are closely tied to the bond market, which reacts to economic data.
A stronger economy → fear of persistent inflation → investors expect the Fed to delay rate cuts → higher mortgage rates.

🎯 What This Means for You
The window to lock in a better rate can open and close quickly. Even one report can shift the market.

🛑 If you’ve been waiting for the “perfect moment,” realize this:
Moments don’t last—markets move.

📲 Let’s run your numbers today and lock in before the next swing.

Source: National Mortgage News and Mortgage News Daily