
Mortgage Rates to Tick Up After Strong April Jobs Report
Mortgage rates will move slightly higher today on the back of a strong April employment report that makes the previously expected June Fed rate cut
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.

Mortgage rates will move slightly higher today on the back of a strong April employment report that makes the previously expected June Fed rate cut

The White House is pushing the Federal Reserve to cut rates, while the central bank adopts a wait-and-see approach. President Trump has also explored the

With markets remaining volatile following President Trump’s announcement of new tariffs earlier this month, Redfin’s Economics Lead Chen Zhao outlines what buyers, sellers and renters

Core CPI was much lower than expected in March, largely because of deterioration in travel-related costs. However, mortgage rates won’t drop much today because tariffs

The total value of homes in majority-white neighborhoods grew 5.4% year over year in 2024 to $40.4 trillion. It grew nearly as fast in majority-Black

The U.S. added more jobs than expected in March. But markets are focused on tariffs, which will have a much bigger impact on mortgage rates:

Mortgage rates will move slightly higher today on the back of a strong April employment report that makes the previously expected June Fed rate cut

The White House is pushing the Federal Reserve to cut rates, while the central bank adopts a wait-and-see approach. President Trump has also explored the

With markets remaining volatile following President Trump’s announcement of new tariffs earlier this month, Redfin’s Economics Lead Chen Zhao outlines what buyers, sellers and renters

Core CPI was much lower than expected in March, largely because of deterioration in travel-related costs. However, mortgage rates won’t drop much today because tariffs

The total value of homes in majority-white neighborhoods grew 5.4% year over year in 2024 to $40.4 trillion. It grew nearly as fast in majority-Black

The U.S. added more jobs than expected in March. But markets are focused on tariffs, which will have a much bigger impact on mortgage rates: