Tag Archives: Employment

Mortgage rates are spiking on Friday’s blowout jobs report

By Matt Carter | June 7, 2024 - 5:21 pm |June 7, 2024 Uncategorized

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Employers added 272,000 jobs in May, far exceeding the consensus view among economists that payrolls would rise by 180,000 and the average of 232,000 over the past year. Continue reading →

Mortgage rates retreat as wave of data suggests economy is cooling

By Matt Carter | June 5, 2024 - 7:41 pm |June 5, 2024 Uncategorized

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In less than a week, a series of reports has changed the outlook for the timing and magnitude of future Fed rate cuts, sending mortgage rates into a five-day tailspin. Continue reading →

Mortgage rates ease for 3rd day in a row on soft April jobs report

By Matt Carter | May 3, 2024 - 9:34 pm |May 3, 2024 Uncategorized

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Rates have been in retreat as bond market investors who fund most mortgage loans react to the latest economic news and scaleback in tightening by Fed policymakers. Continue reading →

Economists now less certain 2024 will bring much mortgage rate relief

By Matt Carter | October 17, 2023 - 6:39 pm |October 17, 2023 Uncategorized

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Fed’s “higher for longer” rate strategy could keep home sales from rebounding in 2024 or limit the strength of a recovery, according to two closely followed forecasts. Continue reading →

Interest rates surge again on surprisingly strong jobs report

By Matt Carter | October 6, 2023 - 7:28 pm |October 6, 2023 Uncategorized

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Employers added 336,000 jobs in September, the biggest jump since January, raising the odds that the Fed will pursue “higher for longer” rate strategy. Continue reading →

Artificial Intelligence Might Do Your Job in the Next Three Years

By Joe Pye | September 26, 2023 - 5:33 pm |September 26, 2023 Uncategorized

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But don’t panic, experts and research say you’ll likely change to a better job. Continue reading →

Mortgage rates hit new 2023 high on strong economic data

By Matt Carter | July 6, 2023 - 7:23 pm |July 6, 2023 Uncategorized

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Strong jobs numbers and GDP growth have bond market investors convinced it’s all but certain the Federal Reserve will resume rate hikes this month. Continue reading →

Good news about economy could send mortgage rates back up

By Matt Carter | June 29, 2023 - 7:44 pm |June 29, 2023 Uncategorized

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Surprising GDP and jobs numbers have investors buying stocks and selling bonds over worries that Fed policymakers will continue hiking rates to combat inflation. Continue reading →

Latest jobs numbers take pressure off wages — and mortgage rates

By Daniel Houston | March 10, 2023 - 5:14 pm |March 10, 2023 Uncategorized

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The real estate industry got two kernels of good news in the latest jobs numbers from the U.S. Bureau of Labor Statistics. Continue reading →

Real estate jobs hold strong even as sales slip, summer ends

By Daniel Houston | October 7, 2022 - 5:22 pm |October 7, 2022 Uncategorized

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Real estate hiring bucked seasonal expectations for September, reflecting steady payrolls despite a weakening sales environment, according to new data from the U.S. Bureau of Labor Statistics. Continue reading →