Key Economic Update: What It Means for You

Private payrolls rose by only 54,000 in June, well below the six-month average of 101,000. This trend suggests a continuing slowdown, with total payroll growth expected to drop below 100,000 by the end of Q3.

What You Need to Know:

• Rate Cuts Anticipated: Experts at Pantheon Macroeconomics predict the Federal Reserve will slash rates by 1.25 percentage points this year, starting in September.

• Investor Sentiment: Futures markets show increasing confidence in a rate cut, but most investors don't expect a decrease of more than half a percentage point.

• Impact on Mortgage Rates: Yields on 10-year Treasury notes, which influence mortgage rates, fell 7 basis points, indicating potential easing of mortgage rates.

In Mesa County

There are currently 511 active homes on the market in Mesa County. This is a slight increase compared to a week ago.

The average sold price YTD is $454,134 and the median sold price YTD is $400,000.

Mortgage Rates Today

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