Source: Bankrate —
Mortgage rates are notoriously difficult to predict. They rise and fall based on market sentiment, headlines and a variety of economic indicators. Here’s a look at what could move markets this week.
The major dose of economic news comes Friday, when the U.S. Labor Department releases its jobs report for May. Unemployment soared into the double digits during the early months of the coronavirus pandemic, but the U.S. labor market has rebounded strongly as the economy reopens — in fact, the economy is running so hot that the Federal Reserve already has raised interest rates twice in 2022.
