Prior to Russia’s invasion, 10-Year Treasury yields broke higher — reaching 2.05% on February 15. Since then, they have fallen to as low as 1.72% but have rebounded somewhat, underscoring both the downside risk and volatility markets are facing.
Tag: Mike Fratantoni
The Week Ahead, Mar. 7, 2022: 4 Things to Know
Good morning and happy Monday! Here’s what’s happening in the real estate finance world this week:
Employment Data Positive Ahead of Friday’s Jobs Report
Two key indicators of U.S. employment—the ADP National Employment Report and the Labor Department’s Initial Claims report—showed improvement ahead of this morning’s Employment report from the Bureau of Labor Statistics.
January Employment Shows Solid 467,000 Gain
For the first time in months, the Employment Report from the Bureau of Labor Statistics exceeded expectations: employers added 467,000 jobs in January, despite a surge in Omicron-variant coronavirus cases, BLS reported Friday.
Initial Claims Down 23,000
Ahead of this morning’s employment numbers, the Labor Department reported initial claims for unemployment insurance fell by 23,000 last week.
ADP: Private-Sector Employment Takes January Tumble
ADP, Roseland, N.J., said private-sector employment fell in January for the first time since December 2020, delivering a jolt to the post-pandemic economic recovery.
MBA Chart of the Week: Mortgage Applications, Rates Since 2020
This week’s MBA Chart of the Week features Weekly Applications Survey data, re-indexed to January 2020, to highlight the most recent refinance and home purchase trends.
MBA Chart of the Week: Mortgage Applications, Rates Since 2020
This week’s MBA Chart of the Week features Weekly Applications Survey data, re-indexed to January 2020, to highlight the most recent refinance and home purchase trends.
4Q GDP Shows Subtle Signs of Slowing
Despite the potential impact of Omicron variant on the U.S. economy, fourth quarter gross domestic product clipped along at nearly 7 percent, the Bureau of Economic Analysis reported Thursday. But the numbers might not be all that they seem, analysts said.
Fed Sets Stage for March Rate Hike
The Federal Open Market Committee on Wednesday did not pull trigger on an increase to the federal funds rate—but it left little doubt about action at its next policy meeting in March.