September Jobs Report: Mortgage Rate Relief in Sight?
Weak job growth may give the Fed pause on rate hikes, potentially easing mortgage rate pressures.
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Weak job growth may give the Fed pause on rate hikes, potentially easing mortgage rate pressures.
The University of Florida's consumer confidence index dropped to 67.4 in August, nearly 12 points below its February peak, as all five sentiment measures declined simultaneously for the second consecutive month.
The Federal Reserve kept its benchmark rate unchanged for a fifth straight meeting, yet three regional presidents pushed for a hike. Analysts warn mortgage rates and consumer borrowing costs could stay elevated far longer than most buyers anticipate.