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In this episode of “Today in Mortgages,” we break down the recent job report revision; there’s a lot less jobs than initially reported. It is normal for the BLS report to have small revisions after the fact but this particular adjustment is more significant. The fed uses these reports to guide their decisions on when to cut rates. Employment has been everything when making these decisions. The combination of inflation coming down and job reduction are more signs leading to rate reductions. Now that we are enlightened on how the Fed makes their decisions, we have one more tool when talking to our borrowers. Listen in to learn about this and more!

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