Market Script (PEG)

Week of 03/02/2026

Present Market Conditions

Attributed to Sam Khater, Chief Economist.

“For the first time in three and a half years, the 30-year fixed-rate mortgage dropped into the 5% range, falling even lower than last week's milestone,” said Sam Khater, Freddie Mac’s Chief Economist. “This rate, combined with the improving availability of homes for sale, is meaningful and will drive more potential buyers into the market for spring homebuying season.”

Expectations

This week will definitely be slower with regards to the financial reports but, all eyes will be focused on events in the Middle East. Monday begins the week with the ISM Manufacturing report and Wednesday brings the 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!