The Fed held rates steady at its July meeting on Wednesday, as expected, despite dissents from two officials. All options are on the table for the September 17 meeting, but it’s clear the labor market needs to weaken for a possible rate cut to materialize. Therefore, mortgage rates will stay flat for now, but may
Mortgage rates will remain largely unchanged after inflation came in just below expectations in June, leaving the door open for a September Fed rate cut. Core prices, which the Fed prefers to focus on, increased 0.23% in June, just short of the 0.25% increase expected by forecasters. Much of the miss came from declining hotel
The U.S. added more jobs than expected in June, and the unemployment rate declined despite expectations that it would increase. Mortgage rates may rise slightly in the short term, but they’ll stay mostly unchanged. The June jobs report was stronger than expected. That means mortgage rates will tick up slightly today, but stay mostly unchanged.
Mortgage rates will remain steady after the Fed left rates unchanged at its June meeting, as expected. The Fed maintained a forecast of two rate cuts in the second half of 2025, but a growing number of Fed officials also predicted no rate cuts this year, reflecting the growing uncertainty about the path of the
A milder-than-expected May CPI report is unlikely to shift mortgage rates because tariff-induced inflation remains a threat and the Fed will continue to hold off on rate cuts. Core prices rose 0.13% from a month ago in May, lower than the 0.27% expected by forecasters, with price increases for tariff-affected categories not yet showing up
The official May jobs report remained strong on the surface and mortgage rates will reverse a decline from recent days following a weak ADP employment report earlier this week. Under the hood, however, there are clear warning signs in this report, even though the labor market has generally held up better than expected under high