Jennifer BlauMarket volatility continued this week, but bonds have improved over the past few days. The 10-year Treasury yield fell from 5.31% at the start of the week to 5.09% this morning, offering some relief to the mortgage market.
Jennifer BlauFor 2025 Q2, the BLS reported that 74,000 jobs were created in the second quarter of last year. Last week, that number was revised down by 400,000 to -321,000, indicating job growth was materially overstated. This has become a recurring pattern.
Jennifer BlauNo Scary Surprises: Cool Inflation Readings Light the Path for Lower Rates. Inflation Reports, Fed Outlook, and Mortgage Outlook
Jennifer BlauThe Federal Reserve is widely expected to cut rates next week, but history shows that Fed cuts don’t always translate into lower mortgage rates — at least not right away.