Mortgage Rates Today, Aug. 23, 2024: Powell Speaks
The financial world's eyes will be fixed on Federal Reserve Chair Jerome Powell when he speaks at 10 a.m. (ET). Will he hint at a larger or smaller cut to general interest rates on Sep. 18?
The financial world's eyes will be fixed on Federal Reserve Chair Jerome Powell when he speaks at 10 a.m. (ET). Will he hint at a larger or smaller cut to general interest rates on Sep. 18?
Markets are focused on a speech tomorrow by Federal Reserve Chair Jerome Powell. What will he say about future cuts to general interest rates?
We doubt mortgage rates will move far today or tomorrow in response to scheduled events. But Friday has the potential to be game-changing.
All eyes are on the Fed. Will it cut general interest rates a little or a lot on Sep. 18? Markets hope to learn more in a Fed chair speech on Friday morning.
With few economic reports due this week, the Federal Reserve may occupy investors' minds. Will top Fed officials hint at a large or small September cut to general interest rates?
We're hoping for a quietly good day for mortgage rates. That's always a dangerous prediction but early signs are encouraging.
Today's retail sales data didn't do mortgage rates any favors. We'd been hoping for them to be below market expectations but they were above them.
This morning's inflation report contained good news and (absent other factors) could send mortgage rates lower today.