August jobs report looms large for mortgage rates
Housing affordability has improved this summer and the purchase market could benefit this fall if interest rate policy becomes more favorable.
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This year’s homebuyers need larger rate drops for refi benefits
A Neighbors Bank analysis found that a 0.25-point interest rate decline left the average borrower $2,424 underwater after three years.
Read MoreStock market today: US futures tick up as traders wait for March job numbers
The March non-farm payrolls report could give the market more clues about the fate of interest rate cuts this year.
Read MoreCHART OF THE DAY: Inflation will hit the Fed's 2% target by April and keep falling, analyst says
The Fed's interest rate hikes are likely over, with July representing the last hike of the current cycle, if ING Economics' analysis is correct.
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