Mortgage Rates Today, Sep. 27, 2024: Today's Inflation Report Likely Good for Rates
This morning's inflation report brought the week's key data. And the figures were likely good for mortgage rates.
This morning's inflation report brought the week's key data. And the figures were likely good for mortgage rates.
We've seen remarkably little volatility in mortgage rates over the last eight days. That might change over the next eight.
We thought last Wednesday's Fed policy updates might have caused significant volatility for mortgage rates. Well, that didn't happen.
Mortgage rates seem to be still drifting slowly lower. And that's the best we can hope for.
Our Fed worries are in the rearview mirror. But now we face a government shutdown, due midnight on Oct. 1.
Lower mortgage rates are "reviving purchase and refinance demand for many consumers,” says Freddie Mac.
Yesterday's Fed events moved mortgage rates only modestly higher. Let's hope that's the end of markets' response.
Mortgage rates start this morning at an 18-month low. But the Fed might change that this afternoon — for better or worse.
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