General World News

Solid jobs report sends mortgage rates lower

Can we have a soft landing in the economy? Friday’s job report shows there is a clear pathway to get there. Mortgage rates fell aggressively down to 6.20%, putting us at more than 1% below the highs of 2022.

The bond market saw that wage growth was cooling down, leaving the Federal Reserve with few reasons to keep the rate hike story going much longer.

We ended 2022 on a solid note as 4.5 million jobs were created last year — and we still have more than 10 million job openings details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com