Weak July Jobs Report Could Delay Fed Rate Hike, Giving Homebuyers Some Mortgage-Rate Relief
Takeaway: Mortgage rates will see a little relief today on the heels of a weak jobs report that may delay anticipated hikes from the Fed. The economy unexpectedly lost jobs in July, the second month in a row of surprisingly weak data, casting doubt on the theory that the labor market has rebounded.
Taste, guts and receipts
Log out of ChatGPT. Not forever. Just for the length of this column. You can log back in at the end. I’ll tell you what to do differently. One of the most-followed executives in mortgage just paid a top LinkedIn voice a few thousand dollars to spend eight weeks teaching him how to have AI produce a
Leadership has a dress code
I’ve always believed that leadership has a dress code. Not the one about what you wear. This one is about the connections you carry and the circles you run in. You won’t find it in the company handbook or on the values slide during onboarding. No one admits it exists. But watch long enough, and you’
Blend reports stronger Q2 results on software growth
Blend Labs on Thursday reported higher second-quarter revenue and a narrower operating loss, driven by growth in its software platform business as the digital mortgage technology provider expanded customer relationships and rolled out its new AI-powered Autopilot product. The San Francisco-based com
