Well after all the hype Friday’s speech by the Fed Chair Jerome Powell was essentially a non-event. At the moment, the markets are pricing in another Fed Rate increase for November and little expectations that there will be a rate hike in September.

This week’s Jobs report will be out this week. It’s either going to show a softening of the labor market or on that refused to budge. Mortgage rates are expected to stay where they are unless there’s a surprise in this week’s jobs data.