This week, the key Employment report revealed enormous job gains for the United States labor market, leading to higher mortgage rates.
Key labor market data revealed mixed results, including dampened job gains missing the mark. However, a better unemployment rate counterbalanced those job gains.
After last year's partial economic shutdown, the outstanding economic rebound slows its growth while inflation explodes, leading to worry.
This past week marked disappointment in the labor market as job gains see a startling plummet. The major economic data accompanied by Friday's labor market report fell well below analyst expectations.
While the stock market posted nice gains this week, mortgage markets stayed relatively quiet despite the coronavirus pandemic.
This week, stocks plunged amidst the latest concerns regarding the coronavirus pandemic while investors shifted their to less risky assets.
Surprisingly, mortgage markets left this past week’s astonishing impeachments talks ignored after news of President Trump's inquiry.
Mortgage rates saw little change after mixed economic data this week as investors look towards major central bank meetings later in the month.