Jobs Slump and Mortgage Rate Jumps—but Housing Remains Resilient Heading Into Spring Selling Season

We saw a softer-than-expected February jobs report, with unemployment rising and employers shedding more than 90,000 jobs.  One bright spot: Earnings growth continued, edging slightly higher. The softer report could mean more tension between the Fed’s two goals, especially if next week’s inflation r

Redwood launches Aspire securitization shelf with $391M non-QM deal

Redwood Trust closed a $391 million securitization backed by nonqualified mortgages (non-QMs), marking the inaugural deal from its Aspire platform that was expanded in early 2025, the company announced Friday. The transaction (SPIRE 2026-1) establishes Redwood’s third securitization shelf, alongside

Oil Impact Ultimately Shunned in Favor of Jobs Report Implications

Oil Impact Ultimately Shunned in Favor of Jobs Report Implications It was a super interesting day for the bond market. Yields rose to the week's highs overnight as oil prices continued to surge. We knew we'd get at least some sort of reaction to any big beat/miss in the jobs report and today's miss

A Storied Santa Cruz Cottage Gets a Thoughtful Reinvention

Architect Benjamin McGriff and design firm Chroma transformed the blufftop home into a boatlike refuge filled with wave-inspired details and sweeping views of Monterey Bay