July 7, 2025 Market Update Courtesy of Envoy Mortgage
Written by Andrew Schmidt
Market Spotlight
Week of July 7th, 2025 | #168
What You Need to Know
Rate Update
Key Takeaway:Rates held steady last week, but strong jobs data and new tariff threats could reignite volatility—this calm may not last.
Markets were bracing for a weaker jobs report last week—and didn’t get it. The labor market surprised to the upside, with unemployment falling to 4.1% (vs. 4.3% expected) and 147,000 jobs added. That strong jobs data added pressure on the bond market, but mortgage rates held steady, with the 30-year fixed averaging 6.8%, according to MND.
Looking ahead, this week is a bit of a holding pattern. CPI, the big inflation report, is delayed until July 15. In the meantime, we’ll be watching Treasury auctions, jobless claims, and Fed speeches for any signals on what comes next. One new twist: Treasury Secretary Bessent announced that 10% tariffs could be imposed on 100+ countries by August 1, which may stoke inflation fears.
Your profile is almost complete! Just a few more details from you.
By digitally signing this form you are providing with your express written consent to send you business and marketing communications via text messages (SMS), email, and by calls or prerecorded messages dialed by a natural person or by an automatic or automated telephone dialing system. This express written consent applies to each such email address or telephone number that you provide to us now or in the future and permits such communications regardless of their purpose, unless you opt out of SMS marketing communication when submitting this form. Consent not required to register. Message frequency varies, message and data rates may apply. Text STOP to cancel, call for help.
By digitally signing this form you are providing with your express written consent to send you business and marketing communications via text messages (SMS), email, and by calls or prerecorded messages dialed by a natural person or by an automatic or automated telephone dialing system. This express written consent applies to each such email address or telephone number that you provide to us now or in the future and permits such communications regardless of their purpose, unless you opt out of SMS marketing communication when submitting this form. Consent not required to register. Message frequency varies, message and data rates may apply. Text STOP to cancel, call for help.
