Continued STRONG economic data put a hold on mortgage rates improving after yesterday’s Fed (overnight) Rate increase of 25 basis points (0.25%) …

• Jobless Claims came in LOWER than expected MEANING we still have a STRONG Labor Market.
• 2^nd Quarter GDP (Gross Domestic Product) showed durable goods orders JUMPING meaning the economy is NOWHERE near a recession.

If we see strong jobs data and inflation does NOT continue it’s downhill move then it’s definitely possible we’ll see mortgage rates increase a bit higher.  Otherwise no surprises following yesterday’s Fed meeting as Fed Chair Jerome Powell didn’t say anything to scare anyone about more rate hikes.