Does the Fed set mortgage rates? Not directly. The Federal Reserve influences short-term interest rates and broader financial conditions, but it does not set the mortgage rate a homebuyer receives from a lender. This can be confusing because Fed news often shows up in mortgage headlines. When the Fed keeps policy tighter, markets may expect […]
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Should I wait for mortgage rates to drop after a weak jobs report? It is a common question because labor market news can affect rate expectations. A weaker jobs report may suggest the economy is cooling, and that can sometimes support lower-rate expectations. But it does not guarantee mortgage rates will fall right away, and
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Jobless claims and mortgage rates are often discussed together because weekly unemployment data can give markets an early look at labor market conditions. When more people file for unemployment benefits, it may suggest that hiring is slowing or that some workers are having a harder time staying employed. When claims remain low, it may suggest
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