Home / Market updates / January 3, 2025
Portland Mortgage Market Update — January 3, 2025
Written Friday, January 3, 2025 by Mark Ruhl, NMLS #105591
Happy New Year! I hope you are having a great week.
It was another quiet week in the bond market with rates more or less flat with where they started on Monday, which is to say still elevated. We got hammered after the Fed rate cut on 12/18 due to their rosier outlook on the future of the economy and talking back the number of rate cuts for 2025. They are still betting on 2-ish cuts this year, but the timing of when those cuts take place is a little murky.
A good 2025 Forecast should provide some clarity on that front! I am sitting in on a market forecast for the year and will do my best to summarize and provide insight early next week. Keep an eye out next Monday/Tuesday for a rare MID WEEK Market update/Forecast.
Next week is also Jobs week, which could add some volatility to the market. Currently bonds are trading between two pretty strong levels of resistance with a lot of room to go either way. Investors are looking for stability in the job market, but if the reports come in worse than expected that should lead to an improvement in rates.
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