Breakthrough Job Gains as Labor Market Makes Vast Improvements
The monthly employment report brought stronger than anticipated data as the U.S. achieved breakthrough job gains and strong ISM data.
Unpredictable 2021 Actually Creates Mortgage Market Breakthrough
After last year's events, no one prepared for an unpredictable 2021 as experts worry about inflation, recovery, and COVID-19.
Strong Job Gains Drive Consumer Confidence Surge Despite Lower Rates
Key economic reports indicate that strong job gains drove a surge in consumer confidence. Bond investors displayed satisfaction.
Outstanding Economic Rebound Slows Its Growth While Inflation Explodes
After last year's partial economic shutdown, the outstanding economic rebound slows its growth while inflation explodes, leading to worry.
Analysts See Strong Inflation Data While the Economy Reopens
As the U.S. returns to "normalcy", analysts see strong inflation data while the economy reopens. Job openings hit record highs. The housing market continues to grow. More Americans are getting their COVID-19 vaccinations. And inflation shows renewed intrigue. But most importantly, investors observe how each of these components affect mortgage-backed securities. Analysts See Strong Inflation Data While the Economy Gains Jobs April's release of labor market and manufacturing data proved stronger than expected. While the stronger than expected return contributed to analysts seeing strong inflation data, mortgage rates barely changed. Employment Report The highly anticipated monthly employment report revealed very impressive results. In March 2021, the economy gained 916,000 jobs. Overall, this rose far above the consensus forecast of 625,000. In addition, analysts supplied added 156,000 jobs to prior month results. In particular, the hospitality and construction sectors displayed strength. This is especially interesting because both of these sectors suffered blowbacks during the pandemic. Average Hourly Earnings Average hourly earnings, an indicator of wage growth, fell slightly from February. Thus, the result did not reach the consensus, but saw a modest increase. Compared to 2020, average hourly earnings jumped 4.2% higher than a year ago. However, average hourly earnings dropped [...]
Mortgage Rate Growth & Quick New Economic Recovery
While the economy is on the path towards recovery, 2021 showed its first signs of mortgage rate growth. Meanwhile, COVID-19 aid is on the way in tandem with a continual vaccine rollout.
Highest Mortgage Rates in Months After Spread of Virus
This week, the U.S. economy saw its highest mortgage rates in months. Characterized by extremely strong economic reports, impressive early 2021 retail sales kicked off the New Year.
January 2021 Inflation Stays Low While Fed Creates New Policies
January 2021 inflation remains low, capping off a relatively quiet week for mortgage-backed securities. Overall, investors are divided on the inflation outlook for later in the year.
Mixed Labor Market Data as Coronavirus Spreads Throughout the World
This past week saw mixed labor market data. However, it was a relatively quiet week for mortgage-backed securities overall.
Rising Inflation as World Learns of Spreading New Virus
The United States economy experienced rising inflation this past week. For mortgage-backed securities, this offset COVID-19 concerns.