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Mortgage Market News: Cooling Hiring Trends Come Into Focus

It was a quieter week for economic data, with markets driven more by uncertainty around the conflict in Iran and swings in oil prices. Meanwhile, labor market reports showed some signals on hiring trends, with ADP indicating sluggish job growth and jobless claims hinting at a growing gig economy.

Mortgage Market News: Cooling Hiring Trends Come Into Focus

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It was a quieter week for economic data, with markets driven more by uncertainty around the conflict in Iran and swings in oil prices. Meanwhile, labor market reports showed some signals on hiring trends, with ADP indicating sluggish job growth and jobless claims hinting at a growing gig economy.

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Mortgage Market News: Fed Pauses Again, Housing Hits Weather Snag
Podcast episode

Mortgage Market News: Fed Pauses Again, Housing Hits Weather Snag

For the second straight meeting, the Federal Reserve held interest rates steady, though not without internal debate. Housing activity showed mixed signals, with new home sales dropping and builders remaining cautious while pending home sales inched higher, as recent weather disruptions impacted parts of the country. At the same time, wholesale inflation came in hotter than expected alongside updates on unemployment.