Nonfarm payroll growth in August increased by just 235,000 vs. expectations of 720,000. August’s jobs report showed that wages are rising even with weak hiring. Federal Reserve officials have attributed higher inflation numbers to supply issues. A continued rise in wages fueled by demand could be one of the factors.


During the pandemic, home prices have climbed at a record pace. The median price for an existing home reached over $363,000 in June 2021, a 23.4% year-over-year increase. However, according to most experts, the market is shaping up to look more like a boom rather than a bubble. Supply is also an issue; according to the National Association of Realtors, the U.S. has underbuilt its housing needs by at least 5.5 million units over the past 20 years.


The Fed will be purchasing up to $5.171B in mortgage-backed-securities today. With Mortgage Bond prices seeing strong support, applications should be prepared to float and wait for target rates.


8 月非农就业人数只是增加 了235,000 人,而预期是720,000 人。 8 月的就业报告显示,即使招聘疲软,工资仍在上涨。 美联储官员将较高的通胀数字归因于供应问题。 需求推动的工资持续上涨可能是因素之一。


在疫情期间,房价以创纪录的速度攀升。 2021 年 6 月,现有房屋的中位数价格超过 363,000 美元,同比去年增长 23.4%。 然而,根据大多数专家的说法,市场正在形成看起来更像是繁荣而不是泡沫。 供应也是一个问题; 根据全国房地产经纪人协会的数据,美国在过去 20 年中至少减少了 550 万套住房需求。


美联储今天将购买高达 $5.171B 的抵押贷款支持证券。 随着抵押债券价格获得强劲支撑,貸款申请应准备好浮动并等待目标利率。

Economic Calendar

Report Period Estimate Impact
Date: Tue. Sep. 14
Consumer Price Index (CPI) Aug 0.4% High
Core Consumer Price Index (CPI) Aug 0.3% High
Date: Wed. Sep. 15
Empire State Index Sep 29.0 Moderate
Date: Thu. Sep. 16
Retail Sales ex-auto Aug -0.1% High
Jobless Claims (Initial) 9/11 NA Moderate
Philadelphia Fed Index Sep 23.0 Moderate
Retail Sales Aug -0.1% High
Date: Fri. Sep. 17
Consumer Sentiment Index (UoM) Sep 70.2 Moderate
Daily rate based on: SFR/Primary/LTV60/FICO 780/Purchase
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