Market Spotlight
Week of July 14, 2025
What You Need to Know
🟡 KEY TAKEAWAY: Rates are holding steady for now, but inflation and tariff data could change that quickly.
Last week, mortgage rates stayed near 6.8%, helped by dovish Fed comments and a soft bond market reaction to stronger-than-expected jobless claims. While rates ticked up slightly early in the week, Fed speakers reassured markets that cuts are still likely this year—even as they warned tariff-driven inflation may soon start showing up in the data.
This week brings a full plate of market-moving data: CPI inflation, retail sales, housing starts, and more Fed commentary. The Fed says tariff-related inflation could begin appearing in June’s numbers, making this week’s reports critical for the rate outlook.
“I wanted to give you a quick heads-up—rates are holding steady, but that might not last. We’ve got key inflation data coming this week, and if it comes in high, rates could climb.
Waiting right now could mean paying more later. If you’re still thinking about buying, this could be the sweet spot to get ahead of the curve before rates or competition pick up again.”
Special thanks for Jeff Tanaka at Envoy mortgage for this market update.
Jeff Tanaka
Envoy Mortgage
Sales Manager, NMLS # 316160
P: 805-927-3863
C: 805-459-5209
https://www.envoymortgage.com/jtanaka
jtanaka@envoymortgage.com
746 Main Street
Cambria, CA 93428
