Tag Archive for: jobs reports

Interest Rates Up Again; Trends Vs. Blips; How Worried Should We Be?

The “average interest rate” peaked at just over 8% in October. Interest rates then slid downward 1.5% over the next few months before heading back north over the last few weeks. While they remain 1% lower than where they were in October, the slide upward over the last few weeks has left many people in the real estate and mortgage world all too worried. Read More

CRACK!! That Was The Sound of The Labor Market Breaking! This Is A VERY BIG DEAL!

There is simply no way the Bureau of Labor Statistics can show rosy jobs data forever. Unemployment climbed to 3.9% from 3.8% and the number of job creations came in below expectations. Some media sources and the current administration are trying to spin the sheer number of job creations as a huge positive, but the market knows otherwise and rates fell sharply.Read More

Watch Out For Jobs Reports & Why Janet Yellen Drives Analysts Crazy!

The Big Drop in Rates Will Come When We Get a Negative Jobs Report The big move in interest rates that everyone is expecting at some point will very likely […]Read More

Dude, Where’s The Recession You Keep Harping About? Employment Report B.S.

Because rates have been climbing all week, I got an email that asked me where the recession is that I have been “harping about” for the last year… Why Rates […]Read More

Recession Coming Soon – DESPITE A STRONG JOBS REPORT!

“IF A RECESSION IS COMING, HOW DO YOU EXPLAIN THE STRONG JOBS REPORT?” That was an email I received this morning from the most prominent voice/blogger in the mortgage industry. […]Read More

When Great Economic News Is Actually Bad News

I Was Slapped in the Face With Very Good Economic News! For months now, I have been explaining how weak our overall economy is and why that portends much lower […]Read More