Economic indicators

Pulte’s social media posts become must-follow for stock traders

Economic indicators, Economic news, FHFA / Ricky Vasquez

For years, investors have found themselves at the whim of President Donald Trump’s social-media posts. Now, traders are being forced to pay attention to an unlikely official: Federal Housing Finance Agency head Bill Pulte. Stocks have swung wildly on Pulte’s comments as he opines on everything from credit score pricing, to cryptocurrencies as mortgage assets, […]

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US jobs data eases pressure on Fed

Economic indicators, Economic news, Federal Reserve, Mortgage Rates / Ricky Vasquez

Fresh US jobs figures took pressure off the Federal Reserve to consider an interest-rate cut later this month, likely leaving the central bank on hold at least until the fall. While employers added more jobs in June than forecast and the unemployment rate ticked lower, growth in private payrolls weakened. US job growth exceeded expectations in June as an

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Mortgage jobs, others inch up, as rate cut tensions grow

Capital markets, Economic indicators, Industry News, Mortgage Rates, Originations / Ricky Vasquez

Mortgage bankers and brokers have been engaging in cautious hiring and they might want to remain careful about it given the complications the latest job numbers add to the rate outlook. At 266,700, nondepositories in the industry added an estimated 1,300 positions during the May homebuying season when compared to revised April numbers as total

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First-quarter GDP revised lower; Fed has other data on deck

Economic indicators, Federal Reserve, Monetary policy, Tariffs / Ricky Vasquez

Andrew Harrer/Bloomberg The U.S. economy slowed faster than previously realized, according to the latest revision to the government’s gross domestic product estimate. Overall, the GDP’s rate of contraction was lowered by 30 basis points, from an annualized rate of -0.2% to -0.5%, according to the Bureau of Economic Analysis’ latest report, released Thursday. This is

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Jobs numbers dash hopes for rate cut, mortgage hiring rises

Economic indicators, Mortgage Rates, Originations, Politics and policy / Ricky Vasquez

May’s slightly stronger than anticipated employment data dampened lenders’ hopes for further downward pressure on rates in the immediate future, as they added incrementally to payrolls for the spring homebuying season. U.S. employers overall added 139,000 jobs last month, above consensus expectations for around 130,000. Unemployment remained stable at 4.2%. Nonbank mortgage employment, which is

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Tariff fears drive April auto, mortgage borrowing

Consumer banking, Economic indicators, LOAN PRODUCTS, Originations, Servicing / Ricky Vasquez

The anticipated impact of tariffs pushed consumers toward big-ticket items in April, but overall borrowing levels also show them becoming more discerning in light of political developments, according to Vantagescore. Researchers noted earlier this year the likelihood of a bump in certain types of purchases before the implementation of various tariff measures proposed by President

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Pulte’s social media posts become must-follow for stock traders

US jobs data eases pressure on Fed

Mortgage jobs, others inch up, as rate cut tensions grow

First-quarter GDP revised lower; Fed has other data on deck

Jobs numbers dash hopes for rate cut, mortgage hiring rises

Tariff fears drive April auto, mortgage borrowing

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