{"id":9161,"date":"2025-07-29T08:28:47","date_gmt":"2025-07-29T12:28:47","guid":{"rendered":"https:\/\/migonline.com\/blog\/?p=9161"},"modified":"2025-07-29T08:28:48","modified_gmt":"2025-07-29T12:28:48","slug":"mig-market-watch-july-28th-2025","status":"publish","type":"post","link":"https:\/\/migonline.com\/blog\/2025\/07\/29\/mig-market-watch-july-28th-2025\/","title":{"rendered":"MIG Market Watch, July 28th, 2025"},"content":{"rendered":"\n

Market Comment<\/strong><\/p>\n\n\n\n

Mortgage bond prices finished the week near unchanged which held rates steady. Rates improved the beginning of the week, were flat mid-week, and had a slight negative bias Thursday and Friday. Stocks improved this week, with major U.S. indexes such as the S&P 500 and Nasdaq reaching new all-time highs, supported by strong corporate earnings and generally positive economic data. Leading economic indicators fell 0.3% vs the expected 0.2% decline. Existing home sales were 3.93M vs 4.01M. Weekly jobless claims were 217K vs 227K. Durable goods orders fell 9.3% vs the expected 10.8% decline. Mortgage interest rates finished the week with discount points near unchanged despite the up and down trading.


LOOKING AHEAD<\/strong><\/p>\n\n\n\n

Economic Indicator<\/th>Release Date & Time<\/th>Consensus Estimate<\/th>Analysis<\/th><\/tr><\/thead>
FHFA House Price Index<\/td>Tuesday, July 29, 10:00 am, et<\/td>Down 0.2%<\/td>oderately Important. A measure of single-family house prices. Weakness may lead to lower rates.<\/td><\/tr>
Consumer Confidence<\/td>Tuesday, July 29, 10:00 am, et<\/td>95.5<\/td>Important. An indication of consumers\u2019 willingness to spend. Weakness may lead to lower mortgage rates.<\/td><\/tr>
ADP Employment<\/td>Wednesday, July 30, 8:30 am, et<\/td>75K<\/td>Important. An indication of employment. Weakness may bring lower rates.<\/td><\/tr>
Q2 GDP<\/td>Wednesday, July 30, 8:30 am, et<\/td>Up 2.5%<\/td>Very important. The aggregate measure of US economic production. Weakness may lead to lower rates.<\/td><\/tr>
Fed Meeting Adjourns<\/td>Wednesday, July 30, 2:15 pm, et<\/td>No rate change<\/td>Important. Few expect the Fed to change rates, but some volatility may surround the adjournment of this meeting.<\/td><\/tr>
Personal Income and Outlays<\/td>Thursday, July 31, 8:30 am, et<\/td>Up 0.2%, Up 0.4%<\/td>Important. A measure of consumers\u2019 ability to spend. Weakness may lead to lower mortgage rates.<\/td><\/tr>
PCE Core Inflation<\/td>Thursday, July 31, 8:30 am, et<\/td>Up 0.3%<\/td>Important. A measure of price increases for all domestic personal consumption. Weaker figure may help rates improve.<\/td><\/tr>
Q2 Employment Cost Index<\/td>Thursday, July 31, 8:30 am, et<\/td>Up 0.8<\/td>Very important. A measure of wage inflation. Weakness may lead to lower rates.<\/td><\/tr>
Employment<\/td>Friday, Aug. 1, 8:30 am, et<\/td>4.2%, Payrolls +102K<\/td>Very important. An increase in unemployment or weakness in payrolls may bring lower rates.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Income and Outlays<\/strong><\/p>\n\n\n\n

The personal income and outlays release is a monthly report issued by the Bureau of Economic Analysis (BEA). The data is important because it is thought to provide a solid indication of future consumer demand. The personal income component is primarily a measure of wages and salaries. The outlays component is primarily a measure of spending on goods and services. Together the figures provide analysts valuable insight into consumer economic standing and consumption. The report is closely watched as the consumer remains a vital component of the US economy. All of the release this week have the potential to move the financial markets. Now is a good time to take advantage of mortgage interest rates at their current levels to avoid market volatility.<\/p>\n","protected":false},"excerpt":{"rendered":"

Market Comment Mortgage bond prices finished the week near unchanged which held rates steady. Rates improved the beginning of the week, were flat mid-week, and had a slight negative bias Thursday and Friday. Stocks improved this week, with major U.S. indexes such as the S&P 500 and Nasdaq reaching new all-time highs, supported by strong … Continue reading MIG Market Watch, July 28th, 2025<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":9162,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/migonline.com\/blog\/wp-json\/wp\/v2\/posts\/9161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/migonline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/migonline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/migonline.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/migonline.com\/blog\/wp-json\/wp\/v2\/comments?post=9161"}],"version-history":[{"count":1,"href":"https:\/\/migonline.com\/blog\/wp-json\/wp\/v2\/posts\/9161\/revisions"}],"predecessor-version":[{"id":9163,"href":"https:\/\/migonline.com\/blog\/wp-json\/wp\/v2\/posts\/9161\/revisions\/9163"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/migonline.com\/blog\/wp-json\/wp\/v2\/media\/9162"}],"wp:attachment":[{"href":"https:\/\/migonline.com\/blog\/wp-json\/wp\/v2\/media?parent=9161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/migonline.com\/blog\/wp-json\/wp\/v2\/categories?post=9161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/migonline.com\/blog\/wp-json\/wp\/v2\/tags?post=9161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}