Solid Job Gains Spotlight Uncommonly Busy Week for Mortgage Markets
The past week saw solid job gains amidst a packed week for mortgage markets. Highlighted by key labor market data and a Fed meeting, the U.S. economy did not see a shortage of economic news. When the dust settled, mortgage rates ended the week a little lower.
Solid Job Gains
Analysts closely watched Friday's Employment report. Overall, Employment modestly exceeded expectations, showing solid job gains.
Against a consensus forecast of 450,000, the economy gained 531,000 jobs in October 2021. Revisions added 235,000 jobs to the results for prior months....