Market Script (PEG)

Week of 02/02/2026

Present Market Conditions

Attributed to Sam Khater, Chief Economist. 

 “Mortgage rates remain near their lowest levels in three years, which is encouraging for potential homebuyers who have waited to enter the market for some time,” said Sam Khater, Freddie Mac’s Chief Economist. “Lower rates, combined with strong income growth, have led to a steady increase in purchase applications compared to last year. We’re also seeing more homeowners refinancing their mortgages to benefit from these lower rates, as shown by the rise in refinance applications over the past year.”

Expectations  

This week will definitely be slower with regards to the financial reports.  Monday begins the week with the ISM Manufacturing report and Tuesday brings the Job Openings and ISM Services stats.  Thursday will bring the weekly Initial Jobless Claims information. Friday finishes with the always important U.S. Employment Report that recaps the total number of jobs, unemployment rate, and any potential wage inflation.  Multiple fed officials will be speaking throughout the week. 

Guidance  

It’s a great time to be in the market for a mortgage!  You’ll want to make sure you take advantage of this great time to buy!