Hey everyone, Andy Tuttle here with The Tuttle Group, bringing you a market update for the week of February 3, 2025. Let’s break down current market shifts and trends: what’s happening with interest rates, home buying, and what it means for you.
What’s Happening in the Market this Week?
Markets are off to a wild start: stocks are dropping, mortgage bonds are climbing, and the headlines are buzzing.
The big news? Proposed tariffs on Canada and Mexico—25% on goods, 10% for Canadian oil.
However the administration says this isn’t about trade—it’s about fighting drug trafficking, especially fentanyl.
Economists worry about economic disruption, although for now, markets are reacting with slower growth expectations, pushing stocks down and bonds up.
But plot twist! A deal was struck this morning—Mexico is deploying 10,000 soldiers to the border, and the tariffs are paused for a month.
We’ll keep an eye on how this shakes out and whether it impacts interest rates.
On the housing front, home values are still rising—up 0.2% in December and 3.4% year-over-year.
However, that’s normal for this time of year, and as we roll into spring, expect appreciation to pick up.
A steady housing market is always a good sign—especially as rates continue their slow descent.
The Biggest Market Shift this Week? Jobs Data.
Why does that matter? Stronger job reports = higher rates. Weaker data? Better news for mortgage bonds.
Here’s what to watch:
- Wednesday: ADP Jobs Report & Mortgage Apps
- Thursday: Jobless Claims
- Friday: The big one—BLS Jobs Report
- 170K new jobs expected
- Unemployment holding at 4.1%
What Does This Mean for Homebuyers in Dallas?
If you’re under contract, floating to start the week makes sense—but keep an eye on Wednesday’s ADP report.
If the numbers miss the mark, expect some movement—so don’t get too comfy just yet!
Still house hunting? Rates are trending in your favor—but buckle up! The first half of the year will be a bit of a rollercoaster.
Markets are still adjusting to the new administration, and like your uncle at Thanksgiving, they can be unpredictable.
That said, we still see rates drifting into the 5-6% range by 2026.
With prices steady and rates easing, 2025 could be a prime time to buy—but don’t sit on the sidelines too long, or you might miss the ride! To make sure you’re ready when the market shifts, connect with our team, and let’s get started.
We’ll keep you posted as things evolve.
Happy hunting!