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Fed Hints They’re Done Lowering Rates…for Now

Friday, November 1st, 2019

Mortgage rates rose Friday after data showed the economy added more jobs than expected last month, a sign of ongoing growth. The yield on the benchmark 10-year Treasury bond rose, snapping a three-session streak of declines, settling at 1.727% compared with 1.672% before the report and 1.691% Thursday, according to The Wall Street Journal (WSJ). On Friday the Labor Department said the U.S. added 128,000 jobs last month, more than the 75,000 expected by economists surveyed by WSJ. The agency also revised data from August and September to reflect gains of 95,000 more jobs than had previously been estimated. Some […]