U.S. Hiring Slowed Dramatically in April

U.S. Hiring Slowed Dramatically in April

Wage growth came in far below estimates according to Friday’s jobs report. Unemployment inched up in April, breaking the trend of strong jobs reports over the past year.  The silver lining is that this trend is good news for mortgage rates. The U.S. economy added...
Mortgage Rates Quickly Down to 2-Week Lows

Mortgage Rates Quickly Down to 2-Week Lows

By: Matthew Graham, Wed, May 31 2023, 4:43 PM: After hitting the highest levels in several months last Friday, mortgage rates have fallen fairly quickly in the new week.  As bond markets improved this afternoon, many lenders were able to make mid-day adjustments. ...
Mortgage Application Volume Boosted by Fed Comments

Mortgage Application Volume Boosted by Fed Comments

By: Jann Swanson, Wed May 10, 2023, 8:24 AM: The volume of mortgage applications increased last week for both home purchases and refinancing. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, increased 6.3 percent on a...