July 6, 2026

🏖️ Calm After the Holiday

After a long holiday weekend, mortgage rates are beginning the week with very little movement—and sometimes, no news is good news.

The bond market, which plays a major role in determining mortgage rates, handled the three-day weekend without any significant surprises. Trading opened slightly stronger Monday morning before settling back near unchanged levels, leaving mortgage rates relatively stable.

One of the day's key economic reports, the ISM Services Index, came in exactly as economists expected. Because the report matched forecasts, it didn't give investors a reason to push rates meaningfully higher or lower. In addition, last week's Employment Situation Report remains the more influential piece of economic data, so today's report carried less weight with the markets.

What Does This Mean for Homebuyers and Homeowners?

For now, it means mortgage rates continue to hold steady after last week's improvement. While it's encouraging to see rates stabilize, the market can still change quickly as new economic data is released over the coming weeks.

If you're thinking about buying a home, refinancing, or simply wondering how today's rates impact your plans, it's important to remember that timing matters. Even small changes in rates can affect your monthly payment and purchasing power.

🎯If you have questions about today's market or want to explore your financing options, I'm always happy to help.