General World News

December jobs data continues to support lower mortgage rates

Jobs Friday came and went without much reaction in bond yields because the labor market isn’t breaking, nor is it getting stronger. Mortgage rates dropped into the 5s for a short time on Friday as a result of Trump’s earlier announcement directing the GSEs to buy $200 billion in mortgage backed securities. The 10-year yield didn’t move much after the report.

But the BLS report showed 50,000 jobs created in December, which means 2025 was the lowest job-growth year this century outside of a recession. In fact, if it wasn’t for health care and social service labor, the year details ⇒

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