Today brought the hotly anticipated jobs report. This is the “official” job count and unemployment rate data for the U.S. and no other report has as much consistent power to cause volatility in the rate market. Today’s was particularly important because a perpetually decent labor market is the main justification for the Fed to wait […]
Mortgage Rates Rose Less Than Expected After Employment Data Read More »
Bloomberg News WASHINGTON — The House narrowly passed a massive tax and spending bill, capping months of deliberations and sending President Trump’s signature legislative priorities to his desk, where he is expected to swiftly sign it, symbolically, on July 4. The bill passed in a 218-214 vote, mostly along party lines. Reps. Thomas Massie of
GOP megabill cutting CFPB funding goes to Trump’s desk Read More »
Economic uncertainty and tariff negotiations have left home builders that lenders increasingly partner with feeling blue. Builder confidence in June sank to a low akin to the onset of the coronavirus pandemic, according to the sector’s latest monthly index. The homebuilding industry is dealing with the high mortgage rates suppressing stronger housing demand, and unique
NAHB’s top economist weighs tariffs, immigration, economics Read More »