High mortgage rates have brought average monthly mortgage payments to near-record highs as Americans deal with economic uncertainty. But there are ways to lower your monthly mortgage payments.
came in strong despite signs of cooling. The economy grew with 187,000 jobs in August, slightly beating experts’ predictions. Still, the unemployment rate increased to 3.8% in August, up from the 3.5% recorded last month.
"The report also suggested that wage growth — a key concern for Fed policymakers — is moderating," Jim Baird, Plante Moran Financial Advisors' chief investment officer, said in a statement. "Average hourly earnings rose by 0.2% for the month, a pace that should be much more palatable to the Fed as they work to get the inflation genie back in the bottle."
Some experts also believe that recent employment data could convince the Fed to put a break on interest rate hikes at its next meeting. "This report should be enough for the Fed to keep the federal funds target rate on hold at its next meeting," MBA Senior Vice President and Chief Economist Mike Fratantoni said in a statement. "We expect that they will hold here until next spring, and their next move should be cut. The combination of a still strong job market, and rates that should trend down over time, is positive for the housing market.
If you’re worried about rising mortgage rates, you could refinance your home loan to a lower rate to help you cut your monthly payments.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
PREP FOOTBALL NOTEBOOK: High scoring games, high scoring Bears and stars of the weekAfter facing ranked region foes in highly-anticipated match-ups last week, Class 7A Wiregrass programs Enterprise and Dothan both play a non-ranked region foe this week.
Baca lebih lajut »
United Kingdom Average Earnings Index +BonusGet the Average Earnings Index +Bonus results in real time as they're announced and see the immediate global market impact.
Baca lebih lajut »
Highs staying above averageDaytime highs will continue to max out in the 90s, staying well above average for this time of year.
Baca lebih lajut »
Average San Diego County gas price rises to highest amount since NovemberThe average price of a gallon of self-serve regular gasoline in San Diego County rose Monday to its highest amount since Nov. 3, increasing 1.1 cents to $5.515.
Baca lebih lajut »
Average San Diego County gas price reaches $5.515 -SAN DIEGO (KUSI) – The average price of a gallon of gas in San Diego County rose to the highest amount since November 3, 2022. Overnight, the average price per gallon increased just over 1 cent to $5.515. San Diego County’s average price per gallon of gas has increased 45 of the last 49 days. A few years ago, California...
Baca lebih lajut »
Utah's 14th wettest August on record propels state to above-average summerUtah's wet August reversed trends from the first two-thirds of summer, and helped reduce the state's drought conditions and wildfire risks.
Baca lebih lajut »