As we head into July, the economy continues to show resilience despite ongoing uncertainty around inflation and interest rates. The Federal Reserve held interest rates steady at its June meeting, signaling that it’s taking a cautious, data-driven approach while monitoring inflation and the labor market.
Mortgage rates have eased slightly in recent weeks but remain elevated compared to historical averages. For prospective homebuyers and those considering refinancing, opportunities still exist, especially for borrowers with strong credit and stable finances.
Consumers continue to face higher prices in some areas, particularly energy and everyday expenses, making budgeting and saving more important than ever. While inflation has shown signs of improvement in some sectors, it’s still above the Federal Reserve’s long-term target.
As always, the best financial strategy is to focus on what you can control. Building savings, reducing high-interest debt, and reviewing your financial goals can help you stay prepared regardless of where the economy heads next. If you’re considering a major financial decision, ALLIANCE is here to help you explore your options and find solutions that fit your needs.

– Clay Beardemphl, CFO