Mortgage Rates Today, Dec. 24, 2024: A Quiet Day in Prospect?
There's every reason to hope for a quiet day for mortgage rates. But you can never be sure.
There's every reason to hope for a quiet day for mortgage rates. But you can never be sure.
There's little on this week's calendar that typically affects mortgage rates much. So, let's hope for a quiet few days with nothing to spoil the holiday mood.
The Fed's favorite gauge of inflation is on this morning's calendar. But are markets in the mood to pay attention?
As we feared, mortgage rates jumped sharply yesterday after that afternoon's Fed events.
Today's Fed events have the potential to move mortgage rates significantly. We must hope those events are as friendly as possible toward mortgage rates.
Tomorrow's Fed events will likely swamp market reactions to today's economic data.
Wednesday's Fed events will dominate this week. But an interest rate cut is unlikely to have much effect.
Even after yesterday's disappointing inflation data, investors are still convinced the Fed will cut general interest rates next week.
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