Mortgage Rates Move a Bit Lower After Unemployment Data

Mortgage Rates Move a Bit Lower After Unemployment Data

Earl Data-Driven Rally And Not Much Drama After That Despite a slew of other economic data that was stronger than expected in the 8:30am time slot, the bond market was perfectly content to focus on yet another instance of the highest jobless claims since 2021.  As far as we're concerned, that's the highest claims number since 2017 considering 2021 was still on the way down from the post-covid stratosphere. As far as the market is concerned, that's a potential early indication of a shift in the labor market--something that could help solidify a downward trend in inflation.  Traders saw it that way, at least, as bond rallied sharply after the dat