Mortgage Rates Hold Flat to Start New Week

It was an uneventful day for the bond market (and, thus, interest rates) as investors wait for clarity on this week's potential government shutdown. It's not the shutdown itself that would notable. Rather, it would be the absence of this Friday's jobs report (published by the Federal government) as it would deprive the rate market of its brightest guiding light. In the bigger picture, after last month's jobs report helped usher rates to the lowest levels in nearly a year, other economic reports gradually pushed back in the other direction. With the labor market showing some signs of potential weakness, each new jobs report will be critical in determining if there will be additional runs toward new long-term lows. Even a stop-gap/short-term funding bill would be sufficient. The deadline for a decision is 12:01am ET on Wednesday morning.
Categories
Recent Posts

Mortgage Rates Hold Flat to Start New Week

Mortgage Rates End Week as it Began

Mortgage Rates Slightly Higher After Upbeat Economic Reports

Metros Where Falling Mortgage Rates Could Spark the Most Change: New Report from Realtor.com®

Mortgage Rates Fairly Flat Despite Bond Market Volatility

Mortgage Rates Little Changed on Tuesday

Fixer-Uppers in High Demand: Listings Get 52% More Views on Realtor.com®

Mortgage Rates Finally Level Off After 2-Day Rout

If You're One of Those People Asking How Much Lower Your Mortgage Rate Quote is After Fed Day, This is Required Reading

Mortgage Rates HIGHER (Not Lower) After Fed Rate Cut

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "