Mortgage Rates Rise to Kick Off the New Year

2022-01-07T18:01:00+00:00 January 7th, 2022|Categories: MortgageTime|Tags: , , , , , , , , , , , , , , , , , |

The first week of 2022 saw mortgage rates rise to kick off the New Year, pushing them to their highest levels since April of 2021.

Holiday Consumer Spending Surges as Feds Adjust for Colossal Inflation

2021-12-28T00:11:49+00:00 December 15th, 2021|Categories: Monthly Recap|Tags: , , , , , , , , , , , |

As holiday consumer spending surges, the Federal Reserve plans adjustments for the recent colossal inflation, hitting a 30-year high.

Latest Employment Report Reveals Job Gains Went Down

2021-10-10T15:39:49+00:00 October 8th, 2021|Categories: MortgageTime|Tags: , , , , , , , , , , , |

This past week, analysts and investors closely watched the latest employment report. Unfortunately, it revealed that job gains went down, falling short of expectations.

Breakthrough Job Gains as Labor Market Makes Vast Improvements

2021-08-14T14:03:07+00:00 August 6th, 2021|Categories: MortgageTime|Tags: , , , , , , , , , , , , |

The monthly employment report brought stronger than anticipated data as the U.S. achieved breakthrough job gains and strong ISM data.

Good Hospitality Job Gains Fuel Hope in Promising Mortgage Market

2021-06-04T18:18:43+00:00 June 4th, 2021|Categories: MortgageTime|Tags: , , , , , , , |

Friday’s labor report illustrated good hospitality job gains after a rough 2020. Overall, this continues to fuel hope in what’s quickly becoming a promising mortgage market.

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 [...]

Employment Report on Friday Now Shows Healthy Economy

2022-01-05T16:50:03+00:00 May 3rd, 2019|Categories: MortgageTime|Tags: , , , , , , , , , , , , , |

This week, the Employment Report on Friday showed a healthy economy. Beyond that, investors also watched Wednesday’s Federal Reserve meeting.

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