September 2, 2025 Market update courtesy of Envoy Mortgage
Written by Andrew Schmidt
Market Spotlight
Week of September 2nd, 2025 | #176
What You Need to Know
Rate Update
KEY TAKEAWAY: Mortgage rates just logged their calmest week in months—but with Jobs Week ahead, the calm may not last.
Last week was about as steady as it gets. The 30-year fixed rate barely moved—fluctuating by no more than 0.02% each day—and we closed out the week at the lowest levels in over 10 months. The lack of volatility was welcome news for professionals, especially after the sharp moves earlier this summer.
This week, everything changes. We’re heading into Jobs Week—the final jobs report before the Fed’s September meeting. It’s the single most important data point that could determine whether or not the Fed cuts rates next month. Alongside Friday’s big release, four additional labor reports and Fed commentary are on deck.
Tags
Envoy mortgage, homes for sale, real estate, realtor broken arrow, realtor oklahoma
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