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What’s Ahead For Mortgage Rates This Week – July 7th, 2025

July 7, 2025 by Kay Monigold

With next week featuring both the CPI and PPI reports, the release schedule for this upcoming week will be extremely light. This previous week featured a small number of notable data releases. First being the trade deficit which has shown a sharp decline due to the tariff policies, but has increased again with the pause on tariffs. The manufacturing sector has seen growth as well with the PMI Manufacturing data, but inflation also proves to have grown just as much. Lastly, employment numbers have shown a stronger than expected labor market, but there are still expectations that things will cool further.

Manufacturing PMI
The headline index from the report, the seasonally adjusted S&P Global US Manufacturing Purchasing Managers’ Index, improved to 52.9 in June, from 52.0 in May. The latest reading was the highest since May 2022, and indicative of a solid rate of expansion. It was also the sixth successive month in which the PMI has posted above the critical 50.0 no-change mark.

Manufacturers recorded a first rise in production for four months. Growth was the second-steepest since March 2024, surpassed only by February’s near three-year record.

Employment Data
The U.S. added a decent 147,000 jobs in June, pointing to resilience in the labor market. But the pace of hiring has slowed since last year as businesses grapple with trade wars and the crackdown on immigration. About half of the new jobs were created by state and local governments, taking some shine off a seemingly solid report. The private sector only added 74,000 jobs, marking the smallest increase in eight months.

Trade Deficit
The U.S. goods and services trade deficit increased in May 2025 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit increased from $60.3 billion in April (revised) to $71.5 billion in May, as exports decreased more than imports. The goods deficit increased $11.2 billion in May to $97.5 billion. The services surplus decreased $0.1 billion in May to $26.0 billion.

Primary Mortgage Market Survey Index
• 15-Yr FRM rates saw a decrease of -0.09% for this week, with the current rates at 5.80%
• 30-Yr FRM rates saw a decrease of of -0.10% for this week, with the current rates at 6.67%

MND Rate Index
• 30-Yr FHA rates saw an increase of 0.06% for this week, with the current rates at 6.27%
• 30-Yr VA rates saw an increase of 0.07% for this week, with the current rates at 6.29%

Jobless Claims
Initial Claims were reported to be 233,000 compared to the expected claims of 240,000. The prior week landed at 237,000.

What’s Ahead
An extremely light release week with nothing of note. The following week will feature inflation data with the CPI and PPI reports.

Filed Under: Financial Reports Tagged With: Financial Report, Jobless Claims, Mortgage Rates

Reflecting on the Meaning of Independence Day

July 4, 2025 by Kay Monigold

As Americans prepare to celebrate the Fourth of July, it is important to reflect on the core values that define our nation: freedom, opportunity, and the pursuit of a better life. These same ideals continue to inspire individuals and families across the country to pursue homeownership, which remains a foundational part of financial independence and long-term security.

A Historic Commitment to Liberty and Opportunity
Independence Day commemorates the signing of the Declaration of Independence in 1776. This historic moment marked the beginning of a new chapter, centered on liberty and self-determination. Today, those principles are still deeply connected to the American Dream, especially when it comes to owning a home.

Why Homeownership Reflects the American Dream
Homeownership is more than just acquiring property. It is a symbol of stability, progress, and personal achievement. For many, it represents a space to create memories, raise children, and invest in the future. A mortgage is not simply a financial obligation. It is a tool that makes the dream of ownership attainable. It opens the door to long-term equity, community involvement, and pride in what has been built through dedication and hard work.

Building Freedom Through Smart Mortgage Planning
This Fourth of July, while celebrating the freedoms secured by past generations, it is also meaningful to consider how homeownership contributes to a secure and independent future. Whether you are a first-time buyer or planning your next home, the right mortgage strategy can help you reach your goals with confidence.

Independence Begins at Home
Let us honor the spirit of independence by building futures that reflect the values of freedom, commitment, and progress.

Filed Under: Mortgage Tagged With: American Dream, Financial Freedom, Independence Day

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Our Team

Kay MonigoldKay Monigold
Owner/Mortgage Broker/Residential Mortgage Loan Originator
NMLS#1086176

Steven LoweSteven P Lowe, Sr
Residential Mortgage Loan Originator
NMLS #1085638

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