From Our Economists
Mortgage Rates Are Likely to Decline Slightly With Soft April Jobs Report
The April jobs report is a step in the right direction for homebuyers. It should cause mortgage rates to decline slightly, and it puts 2024 rate cuts more solidly on the table–but the next inflation report will be more significant for the direction of rates. After three months of hot data, we finally got a
Today’s Fed Meeting Unlikely to Send Mortgage Rates Up or Down
In their May 1 meeting, the Fed held interest rates steady and didn’t take the possibility of rate cuts later this year off the table. For homebuyers, the meeting shouldn’t move the needle on mortgage rates; the more important piece of economic news will be the next inflation report. The Federal Reserve announced they’re holding
Hotter-Than-Expected Inflation Report Will Keep Mortgage Rates Higher For Longer
The March inflation report came in hotter than expected, which means the Fed is highly unlikely to cut interest rates in June–and could mean the Fed only cuts rates once this year. The news is already pushing up mortgage rates. Higher-than-expected inflation in March means that the Fed will almost certainly delay rate cuts until
Hot Jobs Report Could Cause Fed to Delay Rate Cuts
Employment growth was strong in March, which ultimately means mortgage rates are likely to stay higher for longer. But next week’s inflation data is the main factor the Fed will take into consideration. The March jobs report came in hot. Strong growth in U.S. employment makes it more likely the Federal Reserve will delay their
Today’s Fed Meeting Unlikely to Move the Needle on Mortgage Rates
The Fed’s announcement that they’re holding interest rates steady–but still project three rate cuts in 2024–won’t immediately send mortgage rates down, but it shouldn’t send them up, either. The Federal Reserve announced they’re holding interest rates steady during their March 20 meeting, as expected. The Fed still projects three rate cuts this year starting at
Hotter-Than-Expected Inflation Report Will Push Mortgage Rates Up Slightly–But There’s No Reason to Panic
The latest CPI report essentially eliminates the chance that the Fed will cut interest rates in May, but they’re still likely to cut in June. Core inflation came in slightly higher than expected in February. There are reasons to be worried about inflation getting stuck, but it’s not time to panic. Rates will end the
Mortgage Rates Are Likely to Decline Slightly With Soft April Jobs Report
The April jobs report is a step in the right direction for homebuyers. It should cause mortgage rates to decline slightly, and it puts 2024 rate cuts more solidly on the table–but the next inflation report will be more significant for the direction of rates. After three months of hot data, we finally got a
Today’s Fed Meeting Unlikely to Send Mortgage Rates Up or Down
In their May 1 meeting, the Fed held interest rates steady and didn’t take the possibility of rate cuts later this year off the table. For homebuyers, the meeting shouldn’t move the needle on mortgage rates; the more important piece of economic news will be the next inflation report. The Federal Reserve announced they’re holding
Hotter-Than-Expected Inflation Report Will Keep Mortgage Rates Higher For Longer
The March inflation report came in hotter than expected, which means the Fed is highly unlikely to cut interest rates in June–and could mean the Fed only cuts rates once this year. The news is already pushing up mortgage rates. Higher-than-expected inflation in March means that the Fed will almost certainly delay rate cuts until
Hot Jobs Report Could Cause Fed to Delay Rate Cuts
Employment growth was strong in March, which ultimately means mortgage rates are likely to stay higher for longer. But next week’s inflation data is the main factor the Fed will take into consideration. The March jobs report came in hot. Strong growth in U.S. employment makes it more likely the Federal Reserve will delay their
Today’s Fed Meeting Unlikely to Move the Needle on Mortgage Rates
The Fed’s announcement that they’re holding interest rates steady–but still project three rate cuts in 2024–won’t immediately send mortgage rates down, but it shouldn’t send them up, either. The Federal Reserve announced they’re holding interest rates steady during their March 20 meeting, as expected. The Fed still projects three rate cuts this year starting at
Hotter-Than-Expected Inflation Report Will Push Mortgage Rates Up Slightly–But There’s No Reason to Panic
The latest CPI report essentially eliminates the chance that the Fed will cut interest rates in May, but they’re still likely to cut in June. Core inflation came in slightly higher than expected in February. There are reasons to be worried about inflation getting stuck, but it’s not time to panic. Rates will end the