November job growth numbers came in at a disappointing 210K, below the expected 573K. Despite the big hiring miss, unemployment fell to 4.2%.

Jobless claims dropped last week to 184K, the lowest level since 1969. A strong labor market could influence the Fed at next week's meeting.

A recent survey shows individuals plan to spend an average of $1,004 on gifts this holiday season, the highest in 3 years, despite inflation worries.

A brief drop in mortgage rates from Omicron concerns caused a sudden surge in refinancing last week. Refi applications jumped 9% for the week.

Purchase apps, which are less sensitive to weekly rate moves, fell for the first time in 4 weeks, down 5% for the week and 8% year over year.

The FHFA announced 2022 loan limits. Conforming limits start at $647,200, and FHA limits start at $420,680, with high-cost areas nearing $1 million.