Mortgage Rates And Jobs Reports: Mortgage Rates Rise Above 7% On Surprise Jobs Report

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by confoundedinterest17

The latest jobs report was like the Cornell Hurd song, “It’s just the whiskey talking.” Except that this time it’s just the Biden Administration talking … and their jobs reports have been corrected/revised repeatedly.

The latest jobs report saw Nonfarm Payrolls rise by 256k and mortgage rates (conforming) rose above 7%. But what happens when the recent jobs report is revised downwards?

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I don’t care what Biden did as President. Now Trump can do it correctly.

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