Redfin Economists’ Weekly Take: Mortgage Rates Remain Steady Despite Problematic Inflation, Jobs Reports
This Week In A Nutshell Mortgage rates are flat despite a much lower than expected inflation report and slightly weak jobs report last week
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.
This Week In A Nutshell Mortgage rates are flat despite a much lower than expected inflation report and slightly weak jobs report last week
Takeaway: Core CPI inflation came in at 2.6% year over year, much lower than consensus expectations of 3.0%. That’s the largest difference between expectations and
October and November jobs data came in cooler than expected, but the long government shutdown muddies the waters. The jobs report alone won’t push the
This Week In A Nutshell Mortgage rates are flat after the Fed cut rates last week, as expected, while also communicating that it’ll likely
The Fed’s December interest-rate cut won’t move mortgage rates because markets have already priced it in. The Fed cut interest rates in its latest meeting,
This Week In A Nutshell Markets expect the Fed to cut interest rates by 25 bps when they meet on Wednesday, meaning the cut
This Week In A Nutshell Mortgage rates are flat despite a much lower than expected inflation report and slightly weak jobs report last week
Takeaway: Core CPI inflation came in at 2.6% year over year, much lower than consensus expectations of 3.0%. That’s the largest difference between expectations and
October and November jobs data came in cooler than expected, but the long government shutdown muddies the waters. The jobs report alone won’t push the
This Week In A Nutshell Mortgage rates are flat after the Fed cut rates last week, as expected, while also communicating that it’ll likely
The Fed’s December interest-rate cut won’t move mortgage rates because markets have already priced it in. The Fed cut interest rates in its latest meeting,
This Week In A Nutshell Markets expect the Fed to cut interest rates by 25 bps when they meet on Wednesday, meaning the cut