Latest / Mortgage Rates Today | Housing Market & Fed News – The Rate Update with Dan Frio
Realtors: Send this to every buyer who’s still sitting on the fence
Mortgage rates moved today on new jobs data, inflation numbers, and home price reports. In this episode I break down today's ADP jobs report, the latest PCE inflation reading, S&P Case Shiller home price data, and what the Federal Reserve is likely to do at its meeting in 22 days. I also explain the Treasury's plan to refinance long term debt into short term bills and what oil falling 3% today means for mortgage rates and the bond market.WHAT'S IN TODAY'S SHOW📉 ADP jobs report shows hiring climbing to almost 12,000 for the week📊 PCE inflation still running at 3.7%, above the Fed's 2% target🏡…
The skinny
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