Mortgage Rates Today, Aug. 22, 2024: "Everybody Is Waiting for Powell"
Markets are focused on a speech tomorrow by Federal Reserve Chair Jerome Powell. What will he say about future cuts to general interest rates?
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.
Mortgage rates have steadied since last week's roller coaster. But another important report is about to be published that could again take rates for a ride.
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