Episode 27: 3.5% Unemployment Rate - Is It All Good News?

There are something like 300,000 part-time jobs, according to Dan and Barry of the MBS Highway.So it could be a little crack in the data that maybe not as good, but there are still jobs and there are still income.The report came out and that's the headline number and we're down to 3.5%. It's like a 52 year low since 1969 or something like that, with those 528,000 jobs created. So the labor force shrank, which of course there are people that retire and leave the labor force and maybe decide not to work or whatever the case may be. And wage growth accelerated.Lenders of any size had to scale up to handle $4.6 trillion in record volume, the most loans ever.This year, we've seen the fastest rate of increased interest rates ever in the shortest amount of time, ever. In July, we're seeing only $129.5 billion in agency mortgage-backed securities between Fannie, Freddie and Ginnie. The lowest since June 2019, according to Bloomberg data. Hopefully, that's the worst we've seen of rates.Stay up-to-date on all the latest news, updates, and exclusive content by following us on all of our social media accounts! https://linktr.ee/kptalksdollarsandsense#KPTalks