Latest real estate news and analysis tagged with jobs report on realestatenews.news.
Fed Chair Warsh's hawkish Jackson Hole speech has put a rate hike back on the table, shifting expectations ahead of the September 16th FOMC decision and leaving mortgage borrowers in a two-week holding pattern.
July's surprising job loss of 23,000 positions—far below the 80,000 gain economists expected—could push the Federal Reserve to hold off on rate hikes, offering modest relief to borrowers watching mortgage costs.
Payrolls surprised on the upside while wage growth cooled. The Fed is likely to keep policy steady, leaving mortgage rates more tied to oil and geopolitical risk.
