From BLS: Total nonfarm payroll employment edged down by 92,000 in February, and the unemployment rate changed little at 4.4 percent, the U.S. Bureau of Labor Statistics reported today. Employment in health... Read more »
Job cuts are reportedly occurring across multiple divisions, including investment banking, trading, investment management and wealth management. Within wealth management, private bankers and back-office support staff were among those affected. Layoffs began... Read more »
If you’ve been keeping an eye on mortgage rates, you’ll be happy to hear that as of February 11, 2026, they’re holding comfortably below the 6% mark. The average 30-year fixed mortgage... Read more »
From BLS: Both total nonfarm payroll employment (+50,000) and the unemployment rate (4.4 percent) changed little in December, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in... Read more »
Laurene Powell Jobs, widow of Apple visionary Steve Jobs, just paid $94 million for an oceanfront estate in Malibu’s Paradise Cove, The Times has confirmed. The billionaire businesswoman has been on a... Read more »
Mortgage rates fell this week and they are now far from the levels widely discussed after the election. With the final jobs report for 2024, mortgage rates made a nice move lower... Read more »
Labor over Inflation has been the theme for mortgage rates to go lower in 2024, with the understanding that as soon as the labor market softens, the 10-year yield should head lower,... Read more »
NAR Chief Economist Lawrence Yun issued the following statement on today’s jobs report data: “Mortgage rates are plunging on the news of weak job growth and rising unemployment. The 4.3% unemployment rate... Read more »
Mortgage rates remained stable this week as the personal consumption expenditures (PCE) inflation report matched economists’ expectations. As a result, HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional... Read more »
Though all signs point to a cooling labor market overall, the economy picked up another 275,000 jobs in February. The jobs report on Friday is unlikely to convince the Fed that rate... Read more »