Today's Mortgage Rates | Rates Tick Up [Business Insider]
Rocket Companies, Inc. Class A (RKT)
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Source: Business Insider
But this hinges on inflation coming down. Otherwise, mortgage rates might not drop as much as expected. Mortgage rates have increased slightly as investors gear up for the Federal Reserve's coming meeting. Traders still expect the Fed to cut rates by a quarter of a point at its meeting next week, even though inflation has been inching up in recent months. Central bankers are trying to balance their dual mandate of keeping inflation down without causing unemployment to go up. Right now, inflation is just above the Fed's target and the unemployment rate is still relatively low. As long as inflation eases, the Fed should be able to continue lowering rates next year, helping mortgage rates go down But they might not drop as much as initially expected. Many analysts have been revising their 2025 mortgage rate forecasts since inflation has remained stubborn and proposed policies from the incoming administration have been flagged by economists as potentially inflationary What Are
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- Today's Mortgage Rates | The Fed Made a Cut. Mortgage Rates Went Up Anyway. [Business Insider]Business Insider
- Rocket Companies, Inc. (NYSE: RKT) had its price target lowered by analysts at Morgan Stanley from $16.00 to $13.00. They now have an "equal weight" rating on the stock.MarketBeat
- Today's Mortgage Rates | Rates Tick Up As Fed Signals Fewer Cuts in 2025 [Business Insider]Business Insider
- The Fed might make fewer cuts in 2025. What does that mean for mortgage rates? [Business Insider]Business Insider
- Today's Mortgage Rates | Rates Steady Ahead of Fed Announcement [Business Insider]Business Insider
RKT
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RKT
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