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Month: May 2024
Will Mortgage Rates Fall in 2024? What Yesterday’s Fed Announcement Tells Us
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The Fed announced its fourth straight rate hold yesterday and signaled that 2024 rate cuts are not likely for a few months. What could this mean for mortgage rates?
30-Year Mortgage Rates Edge Down
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After jumping a quarter point to a four-week high, 30-year mortgage rates have moved a few points lower. Most other averages were flat or showed minor movement.
Mortgage Rates Keep Rising, Hitting Highest Level Since November
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Rates on 30-year mortgages have jumped almost a quarter point higher since Monday, after climbing last week as well. Rates are now at their most expensive in five months.
30-Year Mortgage Rates Fall to 6% Territory
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Rates on 30-year mortgages have dropped below the 7% threshold, falling to their lowest level in seven weeks. Most other loan types saw notable drops as well.
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USDA ERS
The Farm Labor topic page presents data and analysis on the size and composition of the U.S. agricultural workforce; recent trends in the employment of hired farmworkers; farmworkers’ demographic characteristics, legal status, migration practices, and geographic distribution; trends in wages and labor cost shares; and trends in H-2A program utilization.
USDA ERS – Ag and Food Sectors and the Economy
The U.S. agriculture sector extends beyond the farm business to include a range of farm-related industries. Agriculture, food, and related industries contributed 5.6 percent to U.S. gross domestic product and provided 10.4 percent of U.S. employment; Americans’ expenditures on food amount to 12.8 percent of household budgets, on average. Among Federal Government outlays on farm and food programs, nutrition assistance far outpaces other programs.
USDA ERS – Food and Beverage Manufacturing
Data show the location of food processing facilities and the share of total output, value added, and employment by food category. ERS charts updated using the 2021 County Business Patterns and 2021 Annual Survey of Manufactures.