Markets in a Minute

 

If the August employment report follows the lead of lower than expected private job growth, the news could be bad for labor but good for rates.

Two positive manufacturing reports may portend a strong Q3 GDP. Economic improvements could eventually lead to higher rates.

The latest Fed commentary describes economic growth as moderate. Consumer spending and job growth are modest. The taper will likely continue on schedule.

After a June dip, construction spending rebounded in July to its highest level since 2008. An increase in supply could moderate prices but increase sales.

July saw home prices moderating and declining slightly in a few markets. The overall market may be returning to a better balance between buyers and sellers

A Harvard/AARP report discusses a need for more accessible, affordable homes with access to transportation for members of the growing senior population.

 

Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.