【Zillow】Mortgage Rates Bounce Sideways After Fed Reset

Mortgage rates initially rose following the Federal Reserve’s October meeting, where Chairman Jerome Powell announced a cut to the Fed Funds Rate but emphasized that another cut in December was not guaranteed. Since then, rates have largely moved sideways. Looking ahead, with the end of the government shutdown potentially in sight, the market may need to reassess its outlook on the labor market and inflation as government data resumes, which could lead to renewed volatility in interest rates.

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