Mortgage Rates Holds Steady After Weak Jobs Report
What Happened in the Job Market
This week’s key economic data came from ADP, a private payroll company, since the government’s official jobs report has been delayed by the shutdown. Their update showed the U.S. lost about 32,000 jobs in September, even though analysts had...
3 Reasons Home Affordability Is Improving This Fall
For much of the past two years, buyers faced the double challenge of high mortgage rates and rising home prices. But this fall, the market is shifting in ways that make homeownership more affordable than it has been in months.
Here are three reasons why:
1. Average 30-Year Fixed Rates Have...
Mortgage Rates Near 11 Month Lows—What’s Next With the Fed?
Quick Take
The average 30-year fixed dipped to new ~11-month lows after the early-September jobs report, then held in a tight range this week.
Producer Price Index (PPI) came in cooler than expected; CPI was roughly on-target with a softer “supercore.” Together,...
Why Mortgage Rates Move: What Every Homebuyer Should Know
Mortgage rates have been making headlines lately—especially after Fed Chair Jerome Powell’s big speech at Jackson Hole. But let’s be honest… most people see the news and think: “So… is now a good time to buy or refi?”
The short answer:...
