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Tag Archive | "employment"

Switching Jobs Can Affect Your Home Loan Prospects

If you’re about to switch jobs while you have a home loan application in progress, have no fear as long as you keep your lender informed. Be straightforward with your lender about change of jobs or pay structures and are able to submit relevant paperwork, then you will likely still be eligible for a mortgage. Always […]

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Mortgage Wrap Up for the Week Ending September 7, 2012

Mortgage rates have fallen consecutively over the past two weeks. Today saw disappointing employment data released that further pushed mortgage rates closer to all time historic lows. While the employment data wasn’t entirely negative with 96,000 new jobs nationwide last month, it was lower than forecasted and confirmed an overall slowdown in job growth throughout 2012. Other […]

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Mortgage Outlook for the Week of April 9, 2012

Last week saw the the Bureau of Labor Statistics release the Non-Farm Payrolls report (otherwise known as the “jobs report”) with numbers that significantly disappointed the market. This helped exert downward pressure on mortgage rates, enabling them to make up much of the lost ground of the previous week. Additionally, more European solvency doubts crept into the […]

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FOMC Meeting Update

The FOMC (Federal Open Market Committee) or FED concluded its one day meeting on Tuesday where it chose to leave the overnight funds rate (the rate at which banks lend money to each other) at a range of 0.00% to 0.25%, for the fourth straight month. Key Takeaways From the Fed About Current Conditions Labor […]

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Mortgage Outlook for the Week of March 12, 2012

Last week saw mortgage rates waiver, with most movement being sideways, which was a bit of a surprise. Many market watchers expected positive positive employment data and a resolution to the Greek Debt debacle to cause mortgage rates to rise significantly, which did not occur. Last week saw the Labor Department release the monthly Employment […]

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Weekly Mortgage Wrap Up for March 9, 2012

The big news that the market has been waiting for all week was the final outcome of last nights Greek debt settlement talks and the employment numbers that were released earlier today. Greek Debt Resolution Agreed Upon Last night, the Greek debt deal was completed with somewhere around 85% of investors agreeing to a swap. […]

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Mortgage Rates Rise on Strong Jobs Data

Earlier this morning, the Labor Department  U.S. unemployment rate fell for the fifth straight month in January, moving down to 8.3%, the lowest level since February 2009. 243,000 jobs were added to the economy during the last month as well. The market was surprised by these numbers, which were much more healthy than expected. Expectations were […]

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Mortgage Outlook for the Week of January 23, 2012

Last week mortgage rates again hit all time historic lows. There were also signs of an improvement in housing and the economy as a whole based on some of the Economic data that was released. The markets have opened up this week with mortgage rates close to the all time historic lows of last week. […]

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Weekly Mortgage Updates: Positive News in Housing and Employment

The Commerce Department released December’s Housing Starts data this week. A housing start is the beginning of a new home build (breaking ground). The data showed that new construction starts for single family homes increased 4.4% over November starts. The chart below also provides clarity in the upward trend in housing starts, a good sign […]

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Mortgage Outlook For the Week of December 19, 2011

After hitting all time historical lows last week, mortgage rates have opened up this week flat, with little to no change from last week. We start the week with news of the death of Kim Jong il, which may play a role in the market in the future, but seems to have little affect on […]

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