Mortgage Rates Are Likely to Decline Slightly With Soft April Jobs Report
The April jobs report is a step in the right direction for homebuyers. It should cause mortgage rates to decline slightly, and it puts 2024
Chen Zhao is the head of economics research, where she produces research on the housing market for public and internal audiences.
Previously, she was an executive director leading housing finance and financial markets research at the JPMorgan Chase Institute. Prior to joining JPMCI, Chen was an economics consultant at Analysis Group, Inc., where she worked on financial litigation cases and led teams conducting health economics and outcomes research on behalf of pharmaceutical companies.
While in graduate school, Chen was with the Center for Economic Studies and the Social Economic and Housing Statistics Division at the US Census Bureau, where she conducted applied microeconomics research using large scale restricted-access linked survey-administrative data. She started her career at the White House Council of Economic Advisers, where she focused on labor and health economics.
The April jobs report is a step in the right direction for homebuyers. It should cause mortgage rates to decline slightly, and it puts 2024
In their May 1 meeting, the Fed held interest rates steady and didn’t take the possibility of rate cuts later this year off the table.
The March inflation report came in hotter than expected, which means the Fed is highly unlikely to cut interest rates in June–and could mean the
Employment growth was strong in March, which ultimately means mortgage rates are likely to stay higher for longer. But next week’s inflation data is the
The Fed’s announcement that they’re holding interest rates steady–but still project three rate cuts in 2024–won’t immediately send mortgage rates down, but it shouldn’t send
The latest CPI report essentially eliminates the chance that the Fed will cut interest rates in May, but they’re still likely to cut in June.
The April jobs report is a step in the right direction for homebuyers. It should cause mortgage rates to decline slightly, and it puts 2024
In their May 1 meeting, the Fed held interest rates steady and didn’t take the possibility of rate cuts later this year off the table.
The March inflation report came in hotter than expected, which means the Fed is highly unlikely to cut interest rates in June–and could mean the
Employment growth was strong in March, which ultimately means mortgage rates are likely to stay higher for longer. But next week’s inflation data is the
The Fed’s announcement that they’re holding interest rates steady–but still project three rate cuts in 2024–won’t immediately send mortgage rates down, but it shouldn’t send
The latest CPI report essentially eliminates the chance that the Fed will cut interest rates in May, but they’re still likely to cut in June.