U.S. economy added 559k jobs last month. Normally that would cause a mortgage rate spike. But it’s going to take more like 1m jobs in one month to cause a rate spike now. Matt Graham at MND explains why.

All eyes were on the big jobs report this week. Traders were anxious to see if it would be strong enough to accelerate the timeline for key policy changes that would greatly impact rates.

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– U.S. economy added 559k jobs last month. Normally that would cause a mortgage rate spike. But it’s going to take more like 1m jobs in one month to cause a rate spike now. Matt Graham at MND explains why.