Americans watching cable news might have been cheered when they saw the latest jobs report: the United States added 303,000 new nonfarm jobs in March and unemployment fell to 3.8%. Both numbers exceeded expectations. But viewers who are also shopping for a mortgage may have had a different reaction. Economics and housing experts say less…
The labor market experienced unexpected gains last month, with nonfarm payrolls rising 199,000, adding to a 150,000 bump in October. Unemployment fell to 2.7%, workforce participation increased, and monthly wage growth saw their biggest boost of the year. This paints a difficult picture for the Fed moving into its FOMC meeting, scheduled for this week….
Mortgage rates climbed again last week following treasury yield gains in the wake of political turmoil and an unexpected jobs report spike. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 7.49%, jumping from 7.31%. A year ago at this time, the 30-year FRM averaged 6.66%. The 15-year fixed-rate rose to 6.78%…
Good Morning! Today is Friday, February 4. Islamic State’s leader died during a nighttime raid by U.S. special forces in northwestern Syria. The US is short on blood due to below-average donations amid Covid-19. The House is set to approve a $350 billion initiative to boost U.S. competitiveness with China and others, but the Senate may fight…
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