Mortgage Interest Rates Today, October 4, 2024 | Rates Could Hold Steady for the Rest of the Year [Business Insider]
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Business Insider
Though they've dropped in recent months, rates may not fall much further this year. Over the last few months, mortgage rates have dropped dramatically, going from near 7% to below 6%. But they've been flat in the last couple of weeks. For rates to drop further, we'd likely need to see some more cooling in the labor market. But recent data suggests that conditions remain relatively stable. Last week, jobless claims were marginally higher from the week before, but private sector employment data released by ADP this week showed that companies added more jobs than expected last month. Right now, markets expect the Federal Reserve to lower the federal funds rate by 75 basis points before the end of the year, according to the CME FedWatch Tool . But if labor market conditions hold up, the Fed may be more conservative with its rate cuts. This could cause mortgage rates to tick up slightly. Mortgage Rates Today Mortgage Refinance Rates Today Mortgage Calculator Use our free m
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- Mortgage rates are at a two-year low. When should you refinance? [USA TODAY]USA TODAY
- Mortgage Interest Rates Today, October 3, 2024 | Rates Stay Put as Labor Market Continues to Show Strength [Business Insider]Business Insider
- Mortgage Interest Rates Today, October 2, 2024 | Rates Hold Under 6% as Markets Wait for Fresh Jobs Data [Business Insider]Business Insider
- Mortgage Interest Rates Today, October 1, 2024 | Rates Fell Far in September. Will They Drop This Month Too? [Business Insider]Business Insider
- Mortgage Interest Rates Today, September 30, 2024 | Rates Are Low. Will They Go Lower This Year? [Business Insider]Business Insider
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