Weekend Mortgage Rate Update: Powell’s Speech Shakes the Market

Mortgage Rates Hit 2025 Lows—Here’s What You Should Know

Mortgage rates just reached their lowest point of the year—but don’t assume they’ll stay there.

On Friday, Fed Chair Jerome Powell signaled that the labor market is cooling and hinted that a rate cut could come as early as September. He also downplayed tariff-driven inflation as a long-term concern.

Markets reacted quickly. Bonds rallied, and the average 30-year fixed rate fell to its lowest level since October 2024.

Why this matters:
These kinds of drops don’t happen every day. When the window’s open, it can make sense to lock in a purchase rate or rethink your refinance strategy. Next week’s inflation numbers and Fed commentary could easily shift the market again.

At Lumeo Mortgage, we believe clarity creates confidence. If you’re wondering what this move means for your own plans—whether buying, refinancing, or exploring options—let’s talk it through.

Lumeo means light. We’re here to bring guidance when the market feels uncertain.
Message, comment, or call me anytime—I’ll help you see your best options before the market moves again.