Jobs

MBS RECAP: Huge Jobs Report, Logical Weakness, and a Nice Bounce, But…

Posted To: MBS Commentary Huge Jobs Report, Logical Weakness, and a Nice Bounce, But… Bonds did quite well today considering Powell's endorsement of higher rates (yesterday) combined with this morning's significantly stronger jobs report. Most of the push back was seen in MBS, however, and even then, closing levels are only really worthy of enthusiasm […]

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Expirations Help Forbearance Numbers; Rates Under Pressure Despite Weak Jobs Report

Economic data is traditionally one of the key contributors to interest rate movement. Of the regularly-scheduled reports, none has more market-moving street cred than The Employment Situation–otherwise known as “the jobs report” or simply NFP (due to its headline component: Non-Farm Payrolls). The relationship between econ data and rates can wax and wane. Covid definitely […]

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Restaurant industry loses jobs for the first time since April as new restrictions hit employment

The restaurant industry lost jobs for the first time since April as new restrictions to fight the coronavirus pandemic weighed on sales….(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Around The Web

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Mortgage Rates Well-Protected From Jobs Report Volatility

Posted To: Mortgage Rate Watch Tomorrow brings the month’s most important economic report: the Employment Situation, often referred to simply as “the jobs report.” No other piece of economic data has remotely the same track record of inspiring movement in the bond market (which, in turn, inspires movement in interest rates). But not all interest […]

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‘Massively concerning’ jobs report sends a signal that the economic recovery could be fading – CNBC

‘Massively concerning’ jobs report sends a signal that the economic recovery could be fading    CNBC…(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Around The Web

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CRM, Marketing, Fraud Products; Mortgage Apps Move Higher; LO Jobs

Posted To: Pipeline Press Tom Petty sang, “There’s somethin’ good comin,’ just over the hill, somethin’ good comin’, I know it will. And I’m in for the long run, wherever it goes, ridin’ the river, wherever it goes .” Lenders always walk a knife-edge between wanting good economic times for their customers, and having them […]

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