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Mortgage rates have improved slightly over the last couple of weeks, with the average 30-year fixed rate around 6.65%, according to Freddie Mac. That's some welcome relief, but we're definitely not in a clear downward trend yet. This week could tell us a lot more. On Wednesday, we'll get the latest PCE inflation report, which is one of the Federal Reserve's favorite measures of inflation. Then on Friday, Fed Chair Kevin Warsh speaks at the annual Jackson Hole conference. Both

Monday Morning Mortgage Update: We got some encouraging economic news last week. Inflation continued to cool in July, with both consumer and producer inflation coming in better than expected. At the same time, retail sales declined, and the latest jobs report showed some weakness in the labor market. Why does that matter for mortgage rates? Generally, mortgage rates like to see two things: lower inflation and a slowing economy. We're finally starting to see signs of both. Tha

Mortgage Market Update: Why This Week Matters Last week's jobs report came in weaker than expected, which is generally good news for mortgage rates. A slowing job market can ease inflation pressure and increase the chances of lower rates over time. That said, we're not out of the woods yet. This week's Consumer Price Index (CPI) report will likely be the biggest driver of mortgage rates. If inflation comes in lower than expected, we could see some improvement in pricing. If i