Mortgage Rates Dip Amidst Uncertainty and Fed Optimism
TL;DR
Mortgage rates hit a three-week low, but are expected to become more volatile due to the release of two important economic reports: the monthly jobs report and the Consumer Price Index. The jobs report is expected to show 180k new payrolls for April, while the CPI is a leading indicator for inflation in the US. The data from these reports could push rates higher or lower, and if they both push in the same direction, the shift could be significant.
Topics:businessfinance#consumer-price-index#economic-reports#finance#interest-rates#jobs-report#mortgage-rates
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