October 6, 2025 Market Update Courtesy of Envoy Mortgage

Market Spotlight

Week of October 6th, 2025 | #181

What You Need to Know

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KEY TAKEAWAY: Mortgage rates are holding near recent lows, but the government shutdown is creating a data blackout that could trigger unexpected volatility.

Last week, rates dipped slightly, marking the lowest levels since the Fed’s September meeting. While that’s welcome news for borrowers, the calm may not last. The ISM Services report showed resilience in employment and prices—signs the economy isn’t cooling as fast as the Fed would like—which caused bonds to give back some ground late in the week.

Now, with the federal government officially shut down, key economic data like the monthly jobs report and inflation readings are on hold. Without those signals, the market loses its compass—leaving traders guessing and rate movements vulnerable to headline-driven swings instead of fundamentals.