"The knee-jerk reaction was poor, but things calmed down and the bond market improved Thursday after sleeping on the news," he notes.
What does it mean for your and your clients/partners? What should you be watching? Watch the video to find out.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
Estimated reading time: 0 minutes, 22 seconds
Bodnar of MMG: What to Make of the Fed Rate Hike Forecast
Bill Bodnar of The Mortgage Market Guide (MMG) says it was all about the Fed last week and how they forecasted hiking rates in 2023 rather than in 2024, which was the previous expectation.
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