Brought to you by
,

Forecast for the week of November 11, 2024

Please enjoy this complimentary mortgage rate forecast provided to keep you informed of where interest rates may be headed, and to help you gain the advantage in securing low rates and payments.

It is never our intention to send you spam.

If you don't want to receive future emails like this one, please
CLICK HERE TO UNSUBSCRIBE

Last Week's Mortgage Rate Recap:

Rates improved

Mortgage rates improved last week for the first time in weeks, as the elections were decided and the Fed cut its policy rate for a second straight meeting. There was lots of volatility though, with rates increasing immediately after the election results but then improving after the Fed meeting.

This Week's Mortgage Rate Forecast:

Rates could improve

It's possible mortgage rates could continue to improve this week with some help from inflation data, but it is unlikely that we will see rates make any big moves lower. After hitting some of the lowest levels of the year in September, rates rose through October as the labor market and economy showed resiliency and future Fed rate cuts became less likely.

What's affecting rates this week:

• Veterans Day: The bond market is closed on Monday and most mortgage rates will be unchanged from last week.
• Inflation data: This week brings both consumer and wholesale inflation data, and signs of cooling inflation will help mortgage rates improve. If data shows surprise signs of inflation increasing though it would pressure mortgage rates higher.
• The Fed: Markets will be listening to Fed speakers for signals about future Fed policy rate cuts.
  

If you would like to discuss interest rates further or find out the benefits of locking your rate today, please contact your mortgage professional at or .

Interest Rate Forecast and Commentary provided by:

All information provided is for informational purposes only, and we assume no responsibility to any person who relies on information contained in this report, and disclaim all liability in respect to decisions or actions or lack thereof based on any or all of the contents of this report. This is not an offer to lend.