Enormous Job Growth As Unemployment Benefits Abruptly Now End

2021-09-16T16:24:17+00:00 September 15th, 2021|Categories: Monthly Recap|Tags: , , , , , , , , , , , , |

When examining July 2021’s economic reports, enormous job growth rippled across the economy as unemployment benefits abruptly ended.

Attractive Mortgage Rates React to Looming Inflation in June 2021

2021-08-14T14:34:26+00:00 August 15th, 2021|Categories: Monthly Recap|Tags: , , , , , , , , , , , , |

In June 2021, the United States saw attractive mortgage rates alongside continually looming inflation. As a matter of fact, annual inflation rose to its highest level in June since August 2008.

Unpredictable 2021 Actually Creates Mortgage Market Breakthrough

2021-07-27T22:42:12+00:00 July 15th, 2021|Categories: Monthly Recap|Tags: , , , , , , , , , , |

After last year's events, no one prepared for an unpredictable 2021 as experts worry about inflation, recovery, and COVID-19.

Analysts See Strong Inflation Data While the Economy Reopens

2021-05-26T17:21:47+00:00 May 15th, 2021|Categories: Monthly Recap|Tags: , , , , , , , , , , , , |

As the U.S. returns to "normalcy", analysts see strong inflation data while the economy reopens. Job openings hit record highs. The housing market continues to grow. More Americans are getting their COVID-19 vaccinations. And inflation shows renewed intrigue. But most importantly, investors observe how each of these components affect mortgage-backed securities. Analysts See Strong Inflation Data While the Economy Gains Jobs April's release of labor market and manufacturing data proved stronger than expected. While the stronger than expected return contributed to analysts seeing strong inflation data, mortgage rates barely changed. Employment Report The highly anticipated monthly employment report revealed very impressive results. In March 2021, the economy gained 916,000 jobs. Overall, this rose far above the consensus forecast of 625,000. In addition, analysts supplied added 156,000 jobs to prior month results. In particular, the hospitality and construction sectors displayed strength. This is especially interesting because both of these sectors suffered blowbacks during the pandemic. Average Hourly Earnings Average hourly earnings, an indicator of wage growth, fell slightly from February. Thus, the result did not reach the consensus, but saw a modest increase. Compared to 2020, average hourly earnings jumped 4.2% higher than a year ago. However, average hourly earnings dropped [...]