SUMMARY: The ADP report came in smaller than expected and job openings fell as expected AND Chairman Jerome Powell also telegraphed a smaller rate hike in December giving hope to some that the labor market might officially be cooling.  In other news, pending home sales fell less than expected and mortgage demand fell despite mortgage rates also falling last week...

Sources:

• Job Openings Fall As Expected to 10.3M in October
• Pending Home Sales Fall Less Than Expected in October
• Mortgage Demand Falls Along With Rates

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201