| |
| |
| @thecltmortgageguy |
Vol 1 · Iss 10 · May 29, 2026 |
| |
| The Weekly |
| |
| THE WEEKLY WRAP |
| |
| Rates. Market intel. What it means for you. |
| |
|
| |
| |
| Welcome Back |
| |
| A Tense Week, But A Better Finish. |
| |
| Coming out of the long weekend, this one had a little bit of everything. Rates pushed higher early as inflation worries and Fed talk ran the headlines, and for a stretch the market was even debating whether the next move could be a hike instead of a cut. Then the tone shifted. As tensions in the Persian Gulf started to ease and oil prices came down, some of that pressure came right back out, and rates found better footing heading into the weekend. Thank you for reading, for sending your questions, and for being part of this every week. It means a lot. |
| |
| |
| |
| Market Update |
| |
| Oil Ran The Show, Not The Data. |
| |
| 30-yr Fixed |
| |
| 6.53% |
| |
| ↑ Up from 6.51% |
|
| Rate Direction |
| |
| Up |
| |
| Easing off highs |
|
|
| |
| We came back from the long weekend with rates sitting near their recent highs, and most of the week’s movement came from headlines, not the economy. The big inflation report, Core PCE, landed right on expectations at 3.3 percent, and growth came in a little softer than forecast. On a normal week, softer growth would nudge rates lower, but it barely moved the needle. The real driver was oil. |
| |
| Here is what was actually steering things. Earlier this month, rising tensions in the Persian Gulf pushed oil prices up and dragged rates higher right along with them, since higher energy costs feed straight into inflation worries. As the week went on, signs of a US and Iran de-escalation started to firm up, oil prices pulled back, and that took some of the pressure out of the market. By Thursday, with a possible ceasefire looking more real, the benchmark interest rate that mortgages track eased back toward 4.5 percent and mortgage bonds improved. |
| |
| For your buyers, this is a take what the market gives you stretch. We are seeing small improvements, not a breakout, and rates are still in the mid 6s with more upward pull than we saw earlier in the year. The encouraging part is the direction of that late week turn. If oil keeps cooling and the headlines stay calm, we should get more windows to lock at slightly better levels, but expect it to come in fits and starts rather than a straight line. |
| |
| |
When the market is trading on headlines, you take the good days as they come. Waiting around for the perfect one is how buyers miss the window. |
|
| |
| |
| |
| This Tuesday · Noon ET · Guest Speaker |
| |
| Title: The Part Of Every Deal We All Take For Granted. |
| |
| This week I am bringing on Jessica Berch from NH Title Group, and we are getting into all things title. Title is one of those pieces of a transaction that most of us breeze right past until something goes sideways, and then it can hold up the entire closing. Jess lives in this every single day. She is going to walk through what actually happens behind the scenes, where deals tend to run into trouble, what you can do on the front end to keep a file moving, and how solid title work keeps protecting your client long after the keys change hands. If you have ever had a closing get stuck in title, this is the one to be on. |
| |
| Drop in Tuesday at noon. No booking needed. Zoom link at linktr.ee/thecltmortgageguy. Bring the title headaches you have run into and we will dig in. Have a topic for a future call? Just reply to this email. |
| |
| |
| |
| See you Tuesday. For daily rate updates follow @thecltmortgageguy on Instagram. |
| |
| Book a consult or grab the Zoom link at linktr.ee/thecltmortgageguy. |
| |
|
|
| |
| thecltmortgageguy.com · NMLS #1465241 |
| |
| |