What's with Rates This Week Nov 4th 2024

Welcome back to What's with Rates. 📊 Let’s break down the big economic events and earnings reports to watch this week if you're tracking mortgage rates. First up, November 5th is Election Day! 🗳️ The result could shift fiscal policies and, yes, impact mortgage rates. Also, we’ve got the ISM Services PMI – expected to dip, signaling possible changes in the economy. On November 7th, the Fed Interest Rate Decision is huge. If they drop rates to 4.75%, we might see mortgage rates dip too. And don't forget the Fed Press Conference for hints on where rates could be headed next. Finally, on the earnings front, big names like Berkshire Hathaway and Qualcomm are reporting this week. Strong numbers here could affect market sentiment and even touch mortgage rates indirectly. 📈 Stay tuned for updates, and follow if you want more breakdowns like this!

from Beyond TheMortgage App https://www.youtube.com/watch?v=kt6ktbhnu8Q
via TheMortgage.App at Canopy Mortgage

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