Today’s jobs report showed positive growth, with 177,000 jobs added and an unemployment rate of 4.2%. Mortgage rates went up a tad today, but the spreads improved, which was a positive. As market drama calms down, we should see some improvement with the spreads, something I discussed in this recent episode of the HousingWire Daily podcast.

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Economists are bracing for the possibility of job losses as a result of economic uncertainty, but so far they’re not happening enough to offset job gains.

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