Call it a jobs Rorschach Test. The unemployment rate hit a seven-year low and the economy is adding work at a pretty decent clip. Great! But we got fewer jobs than economists expected and more adults are dropping out of the workforce.
It’s Super Bowl preseason — the Fed Super Bowl — and players from the Hawks and Doves are running their drills. Rate Watch is counting down to Sept. 17, when we’ll get the final score on whether the central bank will raise interest rates. Meanwhile, the cost of a 30-year, fixed-rate home loan ticked up last week to 3.89 percent.
Whee! August has never been so thrilling. This week, we’ll ride the financial roller-coaster into Friday, when we get the most important jobs report of all time. Fortunately, the sun is shining somewhere, Google says. In Florida, this mansion ain’t big enough for the both of us! Serena and Venus are getting their own crash pads.
Mortgage rates are holding near historic lows going into the Super Bowl of Fed meetings. Despite the week’s market turmoil, the U.S. economy is steady, home prices are rising and houses are selling.
Ouch. Last week, Redfin’s Market Tracker showed a huge jump in home sales and healthy increase in prices for July. Good good. But that was then, this is now, and all bets are off as investors load for bear. To see what the future holds for housing, watch this space. Tomorrow, the Redfin Demand Index will forecast September home prices and sales. Also: Pandas.
Today we go on mortgage rate watch. We’re a month from the Federal Reserve’s next meeting, where they might decide to raise interest rates for the first time since 2006. Between now and then, let’s check in every week to see what mortgage rates are doing.
Call it a jobs Rorschach Test. The unemployment rate hit a seven-year low and the economy is adding work at a pretty decent clip. Great! But we got fewer jobs than economists expected and more adults are dropping out of the workforce.
It’s Super Bowl preseason — the Fed Super Bowl — and players from the Hawks and Doves are running their drills. Rate Watch is counting down to Sept. 17, when we’ll get the final score on whether the central bank will raise interest rates. Meanwhile, the cost of a 30-year, fixed-rate home loan ticked up last week to 3.89 percent.
Whee! August has never been so thrilling. This week, we’ll ride the financial roller-coaster into Friday, when we get the most important jobs report of all time. Fortunately, the sun is shining somewhere, Google says. In Florida, this mansion ain’t big enough for the both of us! Serena and Venus are getting their own crash pads.
Mortgage rates are holding near historic lows going into the Super Bowl of Fed meetings. Despite the week’s market turmoil, the U.S. economy is steady, home prices are rising and houses are selling.
Ouch. Last week, Redfin’s Market Tracker showed a huge jump in home sales and healthy increase in prices for July. Good good. But that was then, this is now, and all bets are off as investors load for bear. To see what the future holds for housing, watch this space. Tomorrow, the Redfin Demand Index will forecast September home prices and sales. Also: Pandas.
Today we go on mortgage rate watch. We’re a month from the Federal Reserve’s next meeting, where they might decide to raise interest rates for the first time since 2006. Between now and then, let’s check in every week to see what mortgage rates are doing.