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Forecast for the week of December 2, 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.

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Last Week's Mortgage Rate Recap:

Rates improved

Mortgage rates showed improvement last week during the holiday-shortened trading period. The decline came as concerns eased over President-elect Trump's proposed tax and tariff policies.

This Week's Mortgage Rate Forecast:

Rates could be volatile

Expect potential fluctuations in mortgage rates this week as markets react to a slew of economic and labor market data. The general outlook suggests rates are more likely to increase rather than improve significantly as the year comes to a close.

What's affecting rates this week:

• Labor market data: A range of reports this week will cover job openings, labor turnover, private payrolls, and unemployment claims. The most significant update will be the Bureau of Labor Statistics (BLS) jobs report on Friday. Strong labor market data could push rates higher, while only unexpectedly weak results might lead to lower rates.
• Economic data: Reports on consumer sentiment and other economic indicators could drive rates higher if they point to a strong economy
• Fed speakers: Fed members will be out speaking, sharing opinions on if any more Fed policy rate cuts are needed to keep the labor market and economy on track.

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.