About this episode

Brian and David Wickert discuss the implications of a strong May jobs report on the economy and mortgage rates.

This week on the Accunet Mortgage and Realty Show, Brian and David Wickert break down a surprisingly strong May jobs report—roughly double the expected new jobs—and why good news for the economy spooked both the bond and stock markets. With the Fed funds futures markets now pricing in real odds of a rate increase by year-end, the guys put today’s mortgage rates in perspective: a 30-year fixed around 6.49% feels worse only because of the “recency effect.” Dial back a few years to when rates we...

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