🧠 Smart Starter: What’s Moving the Market Today (May 7, 2025)
At Make Florida Your Home, we believe informed buyers make better decisions—and that starts with knowing what’s happening in the markets. Here’s your quick, friendly, and helpful breakdown of today’s economic updates and why they matter if you're planning to buy your first home in Florida.
📉 Market Recap: A Boost from Bonds
Yesterday’s 10-Year Treasury auction delivered a surprisingly strong result, dropping bond yields and helping mortgage-backed securities (MBS) improve. This gave lenders a little more pricing power—and set the stage for today’s main event: the Federal Reserve’s policy update.
📊 May 7 Economic Calendar: What to Watch
| Time (ET) | Report | Market Impact | Notes |
|---|---|---|---|
| 7:00 am | MBA Purchase Index | 0 Stars | Tracks mortgage applications—no major market effect |
| 7:00 am | MBA Refi Index | 0 Stars | Refinance volume tracker—low impact |
| 10:30 am | Crude Oil Inventories | 1 Star | May affect inflation if there's a surprise |
| 2:00 pm | Fed Interest Rate Decision | ⭐ Yellow Star | Major market mover—keep an eye on rate implications |
| 2:30 pm | Fed Press Conference | ⭐ Yellow Star | What Powell says can move rates quickly |
| 3:00 pm | Consumer Credit (Mar) | 1 Star | Usually mild, unless data is far from expectations |
🏡 Why This Matters for Florida Homebuyers
As a first-time buyer in Florida, these events shape your mortgage rate environment. The Fed is expected to hold rates steady—good news for anyone getting pre-approved this week. However, what Fed Chair Jerome Powell says at 2:30 pm could change sentiment fast.
🔍 Quick Tips for First-Time Buyers:
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Thinking of locking in your rate? You may want to wait until after the Fed announcement if you're floating.
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Looking at homes this weekend? Rate movement today could change what you qualify for by Friday.
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Worried about affordability? Programs like FHA and Florida Hometown Heroes can help offset rate volatility.
📰 Top Stories That Affect Buyers
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Fed likely to hold rates steady → More stability in your mortgage quotes.
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US and China agree to meet → Reduced global tension helps support lower rates.
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Real ID law going into effect → Make sure your ID is compliant before your closing.
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Columbia University job cuts → A reminder that stable employment is key to mortgage approval.
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Weight Watchers bankruptcy → Gen Z and Millennials are tightening budgets—lenders are, too.
🤓 Fun Fact of the Day
Did you know? Fed Chair Jerome Powell used to be an investment banker and Assistant Treasury Secretary before taking the lead at the Federal Reserve. Today, his words move markets—especially at 2:30 PM.
Need help navigating today’s mortgage landscape?
👉 Get pre-approved now or speak with one of our licensed Florida mortgage experts.
Make Florida Your Home is your daily go-to for mortgage tips, first-time buyer resources, and expert insight into the Florida housing market.
Today's Low Mortgage Rates
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| 30-year Fixed | 15-year Fixed | |
|---|---|---|
| Avg. | 5.8 | 5.2 |
Data Source from Freddie Mac's Primary Mortgage Market Survey®. Averages are for conforming mortgages with 20% down. Mortgage rates subject to change without notice.
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