articles unemployment-rates-and-mortgage-rates-both-under-4 
Housing Wire
APRIL 7, 2023
Given Friday’s job report , those who have been concerned with entrenched 1970s inflation — which would lead to double-digit mortgage rates — can put their disco shoes back in the closet. And even with sub-4% unemployment rates for some time, the annualized three-month wage growth average is 3.2%. 9, 2020.
Housing Wire
NOVEMBER 4, 2022
Both these data lines were solid this month, so the jobs data won’t turn damaging enough for the Fed to pivot. From BLS : Total nonfarm payroll employment increased by 261,000 in October, and the unemployment rate rose to 3.7 The unemployment rate did rise from 3.5% This has been a theme of mine lately.
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Housing Wire
DECEMBER 16, 2021
We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. A silver lining is that we are expecting both 2022 and 2023 to be record years for purchase originations.
Housing Wire
JANUARY 25, 2023
This article is part of our 2022 – 2023 Housing Market Update series. They increased the Federal Funds Rate from nearly 0% at the start of 2022 to 4.5% They increased the Federal Funds Rate from nearly 0% at the start of 2022 to 4.5% As inflation eases, so will long term mortgage rates. They eased below 6.5%
Housing Wire
OCTOBER 31, 2022
The Federal Reserve will hold another meeting this week, where everyone assumes we will get another 75 bps rate hike. The question is: how many more rate hikes are left? And, once they’re done hiking rates, will the Fed need to keep rates high because the consumer balance sheet looks so good?
Housing Wire
JANUARY 27, 2022
I retired in 2020 from the mortgage business after 24 years, so I understand how some people who were floating their rate lock might not feel this way. I am a bond market guy because, to the core, I am an economics person first, so my discussions are more about the 10-year yield and the economic cycle versus mortgage-backed securities.
Housing Wire
DECEMBER 27, 2021
This article is part of our HousingWire 2022 forecast series. It didn’t take long for mortgage servicers to realize they had a historic challenge on their hands. Marina Walsh, the vice president of industry analysis for the Mortgage Bankers Association , is optimistic about the post-forbearance landscape.
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