30-year mortgage rate drops on weak jobs data, Fed rate-cut signal

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30-year mortgage rate drops on weak jobs data, Fed rate-cut signal
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The interest rate for the most popular U.S. home loan plunged last week to its lowest level in 15 months, after the Federal Reserve signaled it could start cutting its policy rate in September, and a downshift in the job market bolstered financial market bets the cuts would be big.

<p>WASHINGTON — The interest rate for the most popular U.S.

com/news/stream/utah-housing" rel="follow" target="_blank">homebuyers</a> some long-hoped-for relief in what has become an increasingly unaffordable housing market in recent years, as home prices&

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