August 11 Market Update courtesy of Envoy Mortgage

Market Spotlight

Week of August 11th, 2025 | #173

What You Need to Know

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KEY TAKEAWAY: Rates are holding steady in the mid-6% range, but this week’s inflation data could shake things up fast.

Last week, mortgage rates barely budged, staying near 6.57% despite a small uptick on Friday. The calm followed a sharp drop the week before, when weaker jobs data pushed bond yields lower. Since then, daily market shifts haven’t been enough to move lender pricing in a meaningful way.

This week is all about inflation. Tuesday’s Consumer Price Index will be the market’s main event, giving fresh insight into how recent tariff changes are affecting prices. We’ll also hear from several Fed officials, whose comments could hint at whether rate cuts are coming sooner than expected. Retail sales and jobless claims later in the week will round out the picture.