This week, mortgage rates held steady in the midst of an overall stable economic climate. The stability of rates can be attributed to the personal consumption expenditures (PCE) inflation report aligning closely with the forecasts of economists. This report serves as a key indicator for inflation trends and has a direct impact on interest rates in the mortgage industry.
Key points:
– Mortgage rates remained stable this week
– Personal consumption expenditures (PCE) inflation report matched economists’ expectations
– PCE report is a crucial indicator for inflation trends
– The report’s alignment with forecasts contributed to the stability of mortgage rates
– Economic climate overall remains stable, supporting current rate levels
You can read this full article at: https://www.housingwire.com/articles/mortgage-rates-stabilize-prior-to-fridays-jobs-report/(subscription required)
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