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Jobs Report

Jobs Report

Jobs Report link first Friday of the month (Yahoo Finance) Non-farm payrolls: +517,000 vs. +188,000 expected Unemployment rate: 3.4% vs. 3.6% expected Average hourly earnings, month-over-month: +0.3% vs +0.3% expected Average hourly earnings, year

Feb 03, 2023 |

Freddie Mac Survey Says: 6.09% Down from the high in October of 7.08%

Freddie Mac Survey Says: 6.09% Down from the high in October of 7.08%

Mortgage Rates Continue to Shift Down February 2, 2023 Mortgage rates inched down again, with the 30-year fixed-rate down nearly a full point from November, when it peaked at just over seven percent. According to Freddie Mac research, this one percentage

Feb 02, 2023 |

Fed Hikes What does it mean to you?

Fed Hikes What does it mean to you?

Update to this blog page  2/02/23 No fewer than a dozen times did the Fed Chairman Jerome Powell say the word "disinflation" at his latest press conference.  This may be a good sign for rates and the economy.  For more information: Yahoo Finance Disinflat

Feb 01, 2023 |

Weekly Newsletter 1/30/23

Weekly Newsletter 1/30/23

Newsletter - 1/30/2023 Week of January 23, 2023 in Review Housing activity moved higher in December, inflation continues to cool, and more recession signals are flashing: -Inflation Turning the Corner -Pending Home Sales Rise for First Time in Six Months

Jan 30, 2023 |

Interest Rates over the last 3  months

Interest Rates over the last 3 months

According to mortgage Daily News Interest rates over the last 3 month have gone from 7.37% to  6.18% a drop of 1.9%.   Last year the rate was 3.74%.

Jan 27, 2023 |

Mortgage Rates Trend Down

Mortgage Rates Trend Down

Mortgage Rates Trend Down January 26, 2023 Mortgage rates continue to tick down and, as a result, home purchase demand is thawing from the months-long freeze that gripped the housing market. Potential homebuyers remain sensitive to changes in mortgage rat

Jan 26, 2023 |