Latest / Mortgage Rates Today | Housing Market & Fed News – The Rate Update with Dan Frio
Unemployment Holds at 4.2%... So Why Did We Lose 20,000 Jobs?
Mortgage rates are reacting to a soft jobs report, oil prices holding under $80, and a Federal Reserve meeting just 37 days away. I break down CPI, PPI, unemployment at 4.2%, and what all of it means for your rate this week.Here's what's driving the mortgage rate market today:The June jobs report just showed 20,000 jobs lost while unemployment somehow held at 4.2%, and I explain why the market is reading that as a crack in the labor market. This week we get two inflation reports that matter a lot more than usual. Wednesday brings CPI, both core and headline, with core inflation expected to…
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