The key to mortgage rates: Fed phone calls?
Housing Wire
MAY 2, 2025
Todays jobs report showed positive growth, with 177,000 jobs added and an unemployment rate of 4.2%. Mortgage rates went up a tad today, but the spreads improved, which was a positive. As market drama calms down, we should see some improvement with the spreads, something I discussed in this recent episode of the HousingWire Daily podcast. While this is encouraging, the Federal Reserve focuses on broader indicators that have economic implications, particularly in light of potential high-velocity
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