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From: Douglas Gillard <dgillard@primelending.com>
Sent: Saturday, 13 June 2026 12:25:00
To: Drury, Chris <chrisdrury@edinarealty.com>
Subject: News You’ll Use: June 13, 2026 Edition  
[EXTERNAL] 

Your weekly market recap from PrimeLending...

The Rate Question Your Buyer Should Ask Early
When rates are moving, buyers may feel like timing is one more thing they have to worry about. A simple rate lock conversation can help them understand what to expect once they're ready to move forward.
A good question for them to ask early is: "When can I lock my rate, and how long will it last?"
Knowing the answer can help them feel more prepared as they move through the mortgage process. I'm happy to walk them through it.
Help Buyers Plan Ahead
Weekly Market Update
Mortgage rates increased this week on the heels of new inflation reports and a job market that's still holding steady.
The biggest thing markets watched this week was inflation. In the latest report, prices were still rising, especially those tied to energy and housing. People tend to feel these cost increases in their monthly budgets more quickly, and higher costs can keep an added pressure on rates.
Another report showed that businesses are paying more too. While this may not hit consumers' wallets right away, it can add pressure if companies pass these costs down to their customers. This is just another reason the market is still looking for inflation to cool before expecting a bitter rate shift.
We also saw a fairly steady job market this week. New unemployment filings increased slightly, but not enough to point to a major shift in hiring or layoffs. That's good news for workers, but it also means the Fed may not feel pushed to cut rates quickly. In other words, this week's data did not give us a strong reason to expect a major change in direction just yet.
Weekly Snapshot
• Consumer Sentiment: 44.8 (final May reading)
• Inflation Expectations: ~4.8% (1-year) / ~3.9% (long-run)
• Initial Jobless Claims: 229,000 
• 10-Year Treasury Yield: ~4.45% (as of June 11)
The main takeaway this week? There isn't a clear sign that rates are going to move lower in any meaningful way. Until they do, we will continue to see some week-to-week differences, but we can't expect any significant changes just yet. Now is a good time to make decisions based on your own numbers rather than hoping for perfecting timing.
Rate info as of 06/11/2026, subject to change. Not financial/investment advice, consult a financial advisor for your specific situation.
Have buyers waiting for rates to drop? Let's help them understand what today's market could mean for their buying power.
Douglas Gillard
Production Manager
NMLS# 308922
Office: (507) 226-9053
Mobile: (507) 398-7179
Email Me
Visit My Website

2514 Superior Dr NW, Ste B, Rochester, MN 55901

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FW: News You’ll Use: June 13, 2026 Edition

FW: News You’ll Use: June 13, 2026 Edition