Mortgage Market Guide's recap of what happened this week and why.
The August Jobs Report shows progress is being made. The Unemployment Rate ticking down to 8.4% and Hourly Earnings rising by 4.7% year-over-year were big takeaways. The Bond's inability to improve in price/rate in the face of a two-day Stock market rout has our attention. Next week brings a fresh round of Bond supply. Bonds have performed well at these auctions of late.
To find out what this means for you, your partners, and your borrowers, watch the weekly recap video below:
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