Mortgage Rates Hold The Line Ahead of a Very Important Jobs Report

Mortgage Rates Hold The Line Ahead of a Very Important Jobs Report

While the Federal Reserve doesn't directly dictate mortgage rates , the outlook for Fed rate hikes matters a great deal.  In the days and weeks leading up to almost every Fed announcement in the past year, the market has had a very clear sense of how quickly the Fed would be hiking as well as the general levels at which it would likely be done hiking. That had been the case for the upcoming meeting as well.  There really hadn't been any doubt that the Fed would continue to hike by 0.25% increments.  But several big ticket economic reports caused traders to rethink the outlook.  In fact, even Fed Chair Powell admitted that no decision has been made yet and things could change after the jobs report and next week's inflation data. That makes Friday's jobs report incredibly important f