Tag Archives: economy
Benign inflation report
Overall inflation was about the same as expected in March. When you ignore fuel and food, inflation was lower than expected. Mortgage bond yields are down this morning, and that should keep a lid on mortgage rates today. I’m not saying mortgage rates w… Continue reading
Hope Now, mods and slippery definitions
When is permanent permanent? When is a reduction a reduction?
An estimated 87,000 homeowners got “permanent” loan modifications in February, a reduction from January’s 100,000 modifications, according to Hope Now, a consortium of mortgage servicers and… Continue reading
Bond market on jobs report: Meh
Not much reaction so far this morning to the March employment report, which was released today and says the economy added a net 216,000 jobs in the third month. That’s a bit better than expected. The unemployment rate fell from 8.9 percent to 8.8 perce… Continue reading
Ouchy jobs report
A brutal employment report today bodes well for mortgage rates. Borrowers, rejoice in the bad news!
The economy added 36,000 jobs in January, according to the Labor Department. Private nonfarm employers added by 50,000 jobs, while government jobs shran… Continue reading
Beware the jobs report
The nonfarm payroll report for January will be released at 8:30 a.m. eastern time Friday, and you should consider locking a mortgage rate before then.
According to Briefing.com, the consensus prediction is that the economy grew by a net 148,000 jobs in… Continue reading