Homebuyers Balk As Mortgage Rates Head Back Up
Purchase loan applications have been flat for two consecutive weeks, and now mortgage rates are popping again as more worrisome inflation data rolls in.
Stay updated with breaking news from Watch Tool. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Purchase loan applications have been flat for two consecutive weeks, and now mortgage rates are popping again as more worrisome inflation data rolls in.
Minneapolis Federal Reserve boss Neel Kashkari said policymakers need renewed confidence that inflation will cool before beginning a rate-cutting cycle.
The March jobs report is on deck for tomorrow as investors look for further signals of whether the Fed will cut rates in June.
So, with stocks declining and cash at the ready, the question is, when do we step in?
The United States (US) Automatic Data Processing (ADP) Research Institute will release the private employment data for March on Wednesday.