Mortgage Rates Staying Broadly Sideways
By: Mortgage News Daily | Published: 2025-07-17 18:51:00 | Source: www.mortgagenewsdaily.com
Despite all of the economic data and news headlines over the past few days, mortgage rates have barely budged since last Friday. That was not what we expected this week given the anticipation for the inflation reports that came out on Tuesday and Wednesday.
Now today, a seemingly balmy Retail Sales report (something that would normally push rates higher) ended up being no big deal for the bond market that underlies mortgage rates. There’s some rational justification for the paradox, however. After adjusting for inflation, the retail sales categories that speak to discretionary spending suggested an ongoing slowdown (something that would normally be good for rates).
The underlying bond market actually improved after this morning’s data, but not enough to cause a big…