Rebounds

Private Hiring Rebounds, Sending Mixed Signal for Fed Rate Cut in December

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Private Hiring Rebounds, Sending Mixed Signal for Fed Rate Cut in December

Job growth in the private sector made a surprise surge last month, raising doubts about whether the Federal Reserve will continue cutting interest rates in December. Companies added 42,000 jobs in October, more than expected and the first monthly payroll growth since July, according to data released by payroll processor ADP on Wednesday. With federal … Read more

Mortgage Applications Today: Home Loan Demand Rebounds After Rates Hit Lowest Level in Over a Year

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Couple house-hunting with Realtor

The demand for home loans rebounded with a 7.1% increase for the week ending Oct. 24, according to the Mortgage Bankers Association (MBA). It’s a turnaround from a week ago when mortgage applications decreased by 0.3%. The surge comes as mortgage interest rates dropped to 6.19%, the lowest level in over a year for the … Read more