Brett Burns - Frame Home Loans

📊 Friday Market Recap

10-Year Note (closing prices):

Mon: 4.143%

Tue: 4.120%

Wed: 4.147%

Thu: 4.172%

Fri: 4.168% (current)

📰 Key Highlights:
After months of struggling to break below 4.2%, the 10-year dipped as low as 4.011% on Sept. 11. Over the past two weeks, it’s edged back up—driven mostly by speculation.

Ahead of the Sept. 17 Fed meeting, traders expected three cuts by year-end (totaling 0.75%). Post-meeting comments made markets more cautious on that outlook.

August PCE data released today came in as expected:

+0.3% month-over-month
+2.7% year-over-year

💡 What It Means:
Mortgage rates are up slightly from last week, but still down overall for September.

The next Fed meeting is set for October 28–29 and will be closely watched for policy direction.

💬 Reach out with any questions or scenarios—we’re here to help.

📊 Friday Market Recap

10-Year Note (closing prices):

Mon: 4.046%
Tue: 4.074%
Wed: 4.032%
Thu: 4.011%
Fri: 4.062% (current)

📰 Key Highlights:

Last Friday’s big drop in the 10-year and mortgage rates carried through this week, keeping the note well below the 4.2% resistance level.

Traders are now confident in a Fed rate cut next week, with expectations of more to follow before year-end.

Yesterday’s inflation data came in slightly higher than expected, but markets shrugged it off after recent Fed comments about possibly re-thinking the 2% inflation target.

💡 Big Picture:
The 10-year has clearly broken resistance, rates are trending lower, and Fed policy could provide more support. Next week’s Fed meeting—and the comments that follow—will be the focus.

💬 Reach out anytime with questions or scenarios—we’re here to help.

I'm back .. and excited to get back into regular updates for all!

Here are the highlights ..

📉 CPI down… PPI up… and a Fed cut on the horizon. Here’s what it means for rates.

📊 This week’s 10-year note:
Mon: 4.273%
Tue: 4.293%
Wed: 4.238%
Thu: 4.293%
Fri: 4.332%

The 10-year has been stuck testing the 4.2% resistance—no breakthrough yet.

✅ July CPI: +0.2% — lower than last month, easing inflation worries
📈 July PPI: +0.9% — higher than expected, but markets didn’t react much.

💡 A 0.25% Fed rate cut is expected in September. While markets have priced it in, it could help boost consumer confidence—especially if it’s the first of several cuts.

Please reach out anytime for any questions or assistance! I'm here to help!

In this video, we break down the latest changes in mortgage rates and what they mean for homebuyers and those looking to refinance. From the recent drop in the 10-year treasury note to how the upcoming election could impact the market, we cover all the key trends you need to know. With rates still favorable compared to earlier this year, now could be a great time to lock in a deal before the market shifts again.

We’ll explore:

- The movement of interest rates from 4.7% in April to 3.63% in September.
- Why mortgage rates have been fluctuating and what to expect next
- Tips for buyers and refinancers navigating today’s market

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