Massive Jump in Mortgage Rates After Jobs Report

Today's much-anticipated jobs report ended up coming out much stronger than expected.  A stronger result was all but guaranteed to cause carnage (relative) in the mortgage market and that's definitely ... Read More

How strong jobs report affected mortgage rates

Even before finding out inflation ran hotter than expected, the mortgage rate trajectory was not favorable, Freddie Mac reported. Read More

Mortgage applications drop 5.1 percent as rates rise despite Fed cuts

Mortgage applications dipped earlier this month as rates have been on the rise following a strong September jobs report. Recent data from the Mortgage Bankers Association’s (MBA) Weekly ... Read More

September jobs report could be the next ‘bat signal’ for stagnant mortgage rates

The September jobs report will be released Friday could be pivotal for the Federal Reserve as it determines how to shape monetary policy. Read More

Mortgage rates surged for the second-straight week after hitting two-year lows

Prospective homebuyers waiting on the sidelines for a further drop in mortgage rates received unwelcome news on Thursday. Read More

Mortgage rates stall ahead of jobs report, but here’s how home buyers can save up to $4,800 a year

Mortgage rates stalled in the latest week, as the market awaits a key economic report about the U.S. labor market. Ahead of the August jobs report on Friday, the 30-year fixed-rate mortgage ... Read More

Long-term mortgage rates see largest weekly rise in about 6 months

Oct. 10, higher than 6.12% last week but down from 7.57% in the year-ago week, the Freddie Mac Primary Mortgage Survey said. Read More

Stock market today: Dow rallies to a record after a blockbuster jobs report

NEW YORK (AP) — U.S. stocks rallied Friday after a surprisingly strong report on the U.S. job market raised optimism ... that benefit from easier mortgage rates. D.R. Horton, PulteGroup and ... Read More

Fed goes with half-point interest rate cut. What that means.

But the central bank forecast a total of just a half point in additional cuts the rest of the year, signaling officials don’t believe the job market ... a mortgage have a rate below 6%. Read More

Dollar strengthens after US beats forecasts with 254,000 new jobs in September – as it happened

Rolling coverage of the latest economic and financial news.   13:44 At 254,000, the increase in total nonfarm payroll employment last month was higher than the average monthly gain of 203 ... Read More

VW ‘considers cutting 30,000 jobs’

A majority (55.2pc) of businesses now no longer state an interest in hiring diverse candidates in their job adverts ... next 6-9 months the Bank will cut rates a little slower than market pricing. Read More

Takeaways From Day One of the Republican Convention

After the Capitol attack on Jan. 6 ... School, a job at a Silicon Valley venture capital firm, election to the U.S. Senate and now a place on a presidential ticket. This rapid rise was fueled ... Read More