Brett Burns - Frame Home Loans

📊 Friday Market Recap

10-Year Note (closing prices):
Mon: Closed (holiday)
Tue: 4.277%
Wed: 4.211%
Thu: 4.176%
Fri: 4.07% (current)

📰 Key Driver:
A weaker-than-expected Non-Farm Payrolls report (plus downward revisions to prior months) gave the market momentum, pushing the 10-year below the long-watched 4.2% resistance level.

💡 What It Means:
First time breaking through 4.2% with conviction — could signal a move to a lower resistance level.

Analysts are increasingly confident in a Fed rate cut on Sept 17. While already priced in, this reinforces the downward trend in both the 10-year and mortgage rates.

📌 Big Picture:
This was a strong week for mortgage rates. If momentum continues, we may see a sustained path to lower levels — good news for buyers and homeowners alike.

💬 Have questions about what this means for you? Reach out anytime.