Jobs reports, such as today's, often move mortgage rates more than any other monthly data. But are markets too traumatized by tariffs to even notice? Stand by.
The tariffs announced yesterday afternoon are more severe than most expected. And that could be good for mortgage rates — for now.
We'll know at 4 p.m. (EST) the full extent of current tariff plans. Nobody knows what those are nor how markets will react to them.
Tomorrow, we're due to learn the details of the latest round of tariffs, which could be the biggest yet. Strap in for that.
Paying off debt at closing can help you qualify for a loan even if your current DTI is too high. You just have to commit to paying down at least enough debt to move your DTI into the approval zone.
Yesterday's Federal Reserve events didn't create fireworks. But they likely helped mortgage rates quietly, perhaps for weeks to come.
Today's Federal Reserve events have real potential to move mortgage rates. But will they?
Today's economic data probably won't move mortgage rates far. But tomorrow might bring real change.