Unexpectedly Strong Job Gains Across the Board
With the release of last week's Employment report, the United States reported unexpectedly strong job gains across the board. With this stronger than expected economic data, mortgage rates received an unfavorable reaction.
Overall, the key labor market report far exceeded the forecasts. Thus, mortgage rates ended the week higher.
Employment Report Reveals Unexpectedly Strong Job Gains
Every month, the Employment report represents the most highly anticipated data. With Friday's release, the data revealed unexpectedly strong job gains. Against a consensus forecast of 250,000, the econo...