Mortgage Interest Rates Today, May 5, 2024 | Could Rates Finally Drop This Fall? [Business Insider]
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Business Insider
But until the economy cools off further and inflation decelerates, rates are likely to remain near their current levels. In April, the labor market added fewer jobs than expected , and the unemployment rate ticked up slightly to 3.9%, the Bureau of Labor Statistics reported on Friday. This is a sign that the economy is coming into better balance, which is good news for mortgage rates. Once inflation slows enough that the Federal Reserve is able to start lowering the federal funds rate, mortgage rates should trend down. Investors are currently pricing in a potential Fed cut in September, according to the CME FedWatch Tool , which means we could see rates finally drop this fall. Today's mortgage rates Mortgage type Average rate today 30-year fixed 20-year fixed 15-year fixed 7/1 ARM 5/1 ARM 30-year FHA 30-year VA Today's refinance rates Mortgage type Average rate today 30-year fixed refinance 20-year fixed refinance 15-year fixed refinance 7/1 ARM r
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- Mortgage Interest Rates Today, May 23, 2024 | Rates Holding Steady Below 7% For Now [Business Insider]Business Insider
- Mortgage Interest Rates Today, May 22, 2024 | Rates Are Down Slightly. When Will They Drop Further? [Business Insider]Business Insider
- Mortgage Interest Rates Today, May 18, 2024 | Rates Are the Lowest They've Been in Over a Month [Business Insider]Business Insider
- Mortgage Interest Rates Today, May 17, 2024 | Rates Trending Lower After Latest Read on Inflation [Business Insider]Business Insider
- Rocket settles fair lending case on tribal lands [Yahoo! Finance]Yahoo! Finance
RKT
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RKT
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