Mortgage rates dip after Fed meeting. Freddie Mac expects rates to decline more.
The 30-year mortgage rate is averaging at 6.63%, Freddie Mac said in its latest weekly survey on Thursday.
Economic Report
Jobs report forecast to show 185,000 workers hired. But beware the January effect.
A steadily growing U.S. economy likely generated close to 200,000 new jobs in the first month of the new year, Wall Street pros say, but the labor market has cooled off a bit since last year.
ISM factory index improves but stays in contractionary territory for 15th straight month
This could be start of a new growth cycle, an Institute for Supply Management official said.
Construction spending ticks up for 12th month in a row in December
Over the past year, construction spending is up 13.9%.
Jobless claims climb to nearly 3-month high of 224,000, Are layoffs creeping higher?
The number of Americans who applied for unemployment at the end of January rose to a nearly three-month high of 224,000, possibly a sign of some softening in what’s been an incredibly strong labor market.
