The Fed committee's decision to keep interest rates at 5.5% on Wednesday was a pivotal moment. Over the past few weeks, mortgage interest rates have seen a remarkable drop of 0.5%, now standing at 7.51%. The last 48 hours saw the fastest rate drop since March.
Looking ahead, the path is uncertain. Tomorrow, the nonfarm payroll report is expected to come in around 180K, but it could easily "beat" or "miss" by 100,000 or more. A significant miss could sustain or increase recent rate improvements, while a positive surprise could erase the progress of the past two days. High volatility potential prevails in this financial rollercoaster.
No comments:
Post a Comment