The Tide May Be Turning for Mortgage Rates and Inflation
Overview: Over the past week, investors remained focused on the incoming economic data, the vaccine rollout, and government stimulus spending. Mortgage markets continued to be volatile, but rates ended the week with little change.
Two key reports from the Institute of Supply Management (ISM) are closely watched by investors each month, and the latest data contained mixed results. The ISM Manufacturing Index rose to 60.8, above the consensus forecast of 59. This was up from a low of 41.5 in April 2020 and matched the highest level since 2004. By contrast, the ISM Services Index d...
Last Week's Labor Report Shows a Mixed Employment Picture
Overview: Over the past week, news about the pandemic, government stimulus proposals, the labor market, and inflation caused some daily volatility for mortgage markets. The net effect of these influences was minor, however, and rates ended the week with little change.
Friday's key labor market report contained mixed news, but it is clear that the pandemic has slowed the pace of hiring in recent months. In January, the economy gained 49,000 jobs, which was very close to expectations. However, revisions subtracted 159,000 jobs from the results for prior months. The unemployment...
by Athena Snow, Coldwell Banker Blue Matter
MADISON, N.J. (January 25, 2021) – In a national survey conducted by the Women's Choice Award, over 85% of the Coldwell Banker Real Estate LLC's female customers who have had experience with the brand say they would recommend Coldwell Banker Real Estate to their friends and family. For the fourth year in a row, The...