Happy Friday! I hope you have a great weekend!
On Tuesday, the November jobs report looked slightly better than expected at first, but earlier months were revised lower by 33,000 jobs, and the first October report showed a loss of 105,000 jobs. Most of those losses came from federal government jobs tied to the DOGE deferred resignation program. The unemployment rate also rose to 4.6%, making this a weak overall jobs report. On Thursday, the CPI inflation report showed prices increased just 0.02% over the two months from September to November, which was lower than expected and helped ease pressure on interest rates. Overall though, rates ticked up to end the week.
Next week will be short because of the Christmas holiday. A few economic reports are coming out, mostly ones delayed by the government shutdown. Some are usually important, but the data is a bit old now. There are also a couple of Treasury auctions that could affect bonds and mortgage rates later in the day. Everything happens Tuesday and Wednesday, with nothing to watch on Monday or Friday.
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Hello, I hope you’re having a great Friday!
This past week’s economic news was mostly focused on the Federal Reserve. The Fed cut its rate by a quarter point, but the market had already expected that move, so it didn’t make much of a splash. The bigger surprise was the Fed hinting that they may be done cutting rates for a while, which the market didn’t love. In the end, mortgage rates stayed flat, with only minor movements.
Next week is going to be pretty busy with important economic updates that could affect interest rates. We’ve got the long-delayed jobs report and the Consumer Price Index (CPI), both of which can really move the markets. There’s also a Treasury auction in the middle of the week. Monday is quiet for data, but we’ll still be paying attention to two Fed speeches.
Rates wrapped up the week mixed, showing just slight movement.
Happy December! It’s hard to believe the year is almost over!
The Federal Reserve meets next week, and recent inflation data gives it a bit more room to cut rates. Prices are slowly moving toward their 2% goal. The Fed’s main inflation measure—the PCE index, which tracks everyday price increases—rose only 0.2% in September. Because of that, markets expect a small 0.25% rate cut. The bottom line: inflation isn’t fully under control yet, but it’s no longer climbing, which should help interest rates keep trending downwards.
Hi! I hope you had a great Thanksgiving!
This week’s economic news was pretty calm overall, and mortgage rates didn’t move much. There weren’t any major surprises in the data, so the market mostly stayed in wait-and-see mode. Investors are still trying to figure out where the economy is heading, but for now, things stayed steady, with some very small drops in rates.
This week’s economic news was pretty quiet, and mortgage rates barely budged. With no big surprises in the data, the market stayed in wait-and-see mode. Investors are still trying to read the direction of the economy, but for now things stayed steady with just small dips in rates.
Hello! I hope you’re having a good week and have a great Thanksgiving!
The job market surprised by adding far more jobs than expected, but at the same time the unemployment rate ticked up — showing a weird mix of strength and softness. Mortgage rates nudged up this week, and this kind of mixed data doesn’t make things any clearer. Solid job growth suggests the economy is still strong (which usually keeps rates elevated), while the rise in unemployment hints that there might be room for rates to ease. When the Fed meets, they’ll be balancing these two stories — wanting to support the softer signals without cutting rates too soon because hiring is still strong — which means mortgage rates may stay a bit uncertain until we get clearer direction.
Next week is loaded with economic reports that could move mortgage rates, including some that were delayed by the government shutdown. Monday has nothing major scheduled, so any rate changes would likely come from weekend news or stock market swings. We’ll get some older reports, like September’s inflation and retail data, plus fresher updates the Fed watches closely. It’s also a short week, with markets closed Thursday and closing early Friday.
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