Posts from November 11th, 2021

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November
11

 

 

Solid Job Gains Spotlight Uncommonly Busy Week for Mortgage Markets

The past week saw solid job gains amidst a packed week for mortgage markets. Highlighted by key labor market data and a Fed meeting, the U.S. economy did not see a shortage of economic news. When the dust settled, mortgage rates ended the week a little lower.

Solid Job Gains

Analysts closely watched Friday's Employment report. Overall, Employment modestly exceeded expectations, showing solid job gains.

Against a consensus forecast of 450,000, the economy gained 531,000 jobs in October 2021. Revisions added 235,000 jobs to the results for prior months....

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