Mortgage Update: August 8th 2024

Updates on the Market: How Different Factors will Influence Future Rates

Recent global news has caused significant market volatility, leading to fluctuations in interest rates. Several factors will influence rates leading up to the mid-September Fed meeting, including upcoming inflation news and two more employment reports.

Market expectations regarding the Fed's rate decisions will already be built into the market by mid-September, impacting rates accordingly.

For more personalized advice and guidance, feel free to contact a loan officer at John Adams Mortgage or reach out to Larry Bsharah at lbsharah@johnadamsmortgage.com.