Mortgage Rates Fall Back to Multi-Month Lows
Mortgage Rates Fall Back to Multi-Month Lows
Mortgage rates moved moderately lower today after new economic data showed a big drop in the cost of labor in Q3. Labor costs are one of the places the Fed looks for evidence that inflation is becoming entrenched. In today's case, the drop suggests additional moderation in the pace of underlying inflationary pressures. The market's reaction was possibly bigger than it otherwise might have been due to the intense focus on next week's inflation data on Tuesday and the likely announcement of a smaller rate hike from the Fed the following day. In short, rampant inflation has been the biggest contributor to the abrupt rate spike in 2022 and the hope is increasing that a shift is about to be confirmed. Today's mortgage rates aren't significantly lower than yesterday's on average, but it was enough of a movement for the average lender to hit the lowest levels since early September.
Search Today!
CALL DIRECT: 407-710-8720
www.HomesInOrlando.ForSale
#fha #fhaloan #fhamortgage #housingmarket #homebuyers #orlandofl #orlandorealtor #orlandorealestate #homesinorlandoforsale #orlandorealestateagent #orangecountyfl #homesales #applihl #homesellers #homesforsale #homesforsaleinorlando #mortgagerates #realestate #realestatenews #newhomes #newhomesales #realestateinvestor #investmentproperties #appli #nexthome #housingmarket #housingmarket2022 #economicninja
-
59:15
Son of a Boy Dad
3 hours agoNew York vs. LA | Son of a Boy Dad #210
9.09K1 -
24:00
Bare Knuckle Fighting Championship
21 hours agoRoad To BKFC 62
10.2K -
48:57
Plan Bri Uncut
2 hours agoSo Classic | PlanBri Uncut Episode 265
6.53K1 -
7:01
Evenout
18 hours agoTIME TRAVELLER TWIN PRANK💀🤯
10.7K -
5:22
ThinkStory
1 day agoDARK MATTER Episode 8 Breakdown, Theories & Details You Missed!
8.5K3 -
22:03
TheTapeLibrary
23 hours ago $0.26 earnedUncovering the TRUTH of the Serbian Dancing Lady
8.97K1 -
24:26
Code Blue Cam
1 day agoPit Bull Attacks Officer During Terrifying Rampage
8.44K15 -
10:35
SonnyFaz
13 hours agoSonnyFaz Reacts To HeelMike And Zherka...
11.9K30 -
1:44
Hack
1 day agoHow to Unlock Your Car in 30 Seconds
33.8K21 -
8:06
ErmzPlays
23 hours agoThe Acolyte Episode 4 - From Stupid To Insane
18.4K21