What’s Ahead For Mortgage Rates This Week – December 13. 2021
By Joe Gonzalez, NMLS# 126036 (610) 739-6563
(CrossCountry Mortgage, LLC NMLS #3029)
Last week’s economic reporting included readings on job openings and quits, month-to-month and year-over-year readings on inflation, and the University of Michigan’s preliminary consumer sentiment survey for December. Weekly readings on mortgage rates and jobless claims were also releasedJob Openings Increase as Quits Decrease as Inflation Remains HighThe U.S. Labor Department reported that workers quit their jobs at record levels in October as job openings rose to 11 million openings as compared to expectations of 10.6 million job vacancies, which matched September’s reading for job openings. Fewer people quit jobs in October as 4.2 million workers left their jobs as compared to 4.4 million quits reported in September. The Labor Department said that many quits were driven by workers l...