Is The Jobs Report Wrong?

This week delivered real movement in the mortgage market. Retail sales missed expectations. The Employment Cost Index cooled. The Bureau of Labor Statistics reported job growth that sharply conflicted with ADP, JOLTS, and Challenger data. Then CPI came in lighter than expected. Year-over-year inflation dropped from 2.7% to 2.4%. Shelter inflation slowed. And mortgage rates improved. In this video, I break down: • Why the jobs report doesn’t fully add up • What CPI actually means for the Federal Reserve • Why rates moved lower this week • What this means if you’re buying or refinancing If you’re thinking about running numbers, getting pre-approved, or just want clarity on where rates are heading, I’m available seven days a week from 8 a.m. to 8 p.m.