Mortgage Rates Today, Dec. 5, 2024: Standing By for Tomorrow's Jobs Report
Markets are waiting with bated breath for tomorrow's jobs report. It could set the tone for mortgage rates until Dec. 18.
Markets are waiting with bated breath for tomorrow's jobs report. It could set the tone for mortgage rates until Dec. 18.
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Two highly significant events this week have the potential to set mortgage rates moving up or down for months to come.
A mortgage rate lock captures a rate on a specific day. But when should you lock when buying or refinancing a house?
The Fed could look to cut rates in September, but only if inflation numbers cooperation, some of which come out Friday.
The latest inflation reading could spell better times for mortgage rates. But the Trump assassination attempt could swing rates higher this week due to the "Trump Trade."
Mortgage rates are driven by inflation and other economic data. But one factor is influencing them more than normal: low demand for government debt.
The mortgage market awaits good as the Consumer Price Index (CPI) report and Federal Reserve Chair Jerome Powell’s testimony before Senate and House committees on Capitol Hill approaches.
Arguable the most influential economic report comes out Friday. A downbeat report could help mortgage rates, since weaker jobs data gives the Fed stable ground on which to make the rate-cut argument.
It will likely be a calm week for mortgage rates -- that is, until Friday rolls around.