Inflation Trends Show Signs of Easing
May’s inflation data brought cautious optimism. Headline inflation came in at 2.4%, and core inflation (which excludes food and energy) landed at 2.8%. That marks three straight months of inflation below 2.5%—a sign that price growth is slowing, but not yet at the level that would prompt quick action from the Federal Reserve.
The Fed Holds Steady — All Eyes on September
The Federal Reserve is expected to keep rates unchanged in its upcoming June 18 meeting. Market watchers are focused on whether the Fed still sees two rate cuts in 2025, as previously projected. The earliest potential move could come in September, but it would require continued softening in inflation and job market data.
Mortgage Rates Hold Their Ground
Over the past two weeks, mortgage rates have been relatively stable—fluctuating slightly, but still hovering near 6.75% for well-qualified borrowers. While we’re no longer seeing sharp increases, today’s rates remain historically high. For many buyers, the challenge is not just the rate itself, but how to navigate the current market with confidence.
What This Means for Buyers and Sellers
Sellers remain hesitant to list, often locked into ultra-low mortgage rates secured in previous years. This has led to extremely tight resale inventory. For buyers, the lack of options in the existing home market is pushing more interest toward new construction and homes offering incentives or creative financing.
If you’re in the market, the good news is that some lenders and builder partners are offering rate buydowns, closing cost support, and extended rate locks to improve affordability.
How We Can Help
At Mutual of Omaha Mortgage, we’re here to help both buyers and agents navigate this evolving environment. We offer:
- Temporary and permanent rate buydown options
- Lock-and-shop programs
- Bridge loan and equity solutions for move-up buyers
- Co-branded marketing support for our agent partners
Whether you’re buying your first home, moving up, or guiding a client through the process, our team is ready to support your goals with clear guidance and customized solutions.
