Tag Archives: JOLTS report

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Jobs, Inflation, Geopolitical Concerns All Affecting Rates This Week

The markets and mortgage rates, too, have been on a seesaw ride of volatility as high-impact economic data and geopolitical events in Israel have increased uncertainty about the economy and the Fed’s next move. Let’s break it down… As you know, last week, we saw a parade of employment reports come out, which can often

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An image with a white background and black compass that says: "Your Weekly Mortgage Market Update Brought to you by Pacific Financial Mortgage & Real Estate Inc.

When ‘Bad’ News Is Good News…

Last week’s ‘bad’ news is good news for mortgage borrowers as we saw a nice improvement in rates. The weekly survey of average mortgage rate published by Freddie Mac showed rates breaking their momentum higher following worse than expected news from a leading indicator in the job market, inflation, and consumer confidence.  The JOLTS report,

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