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Hiring Rebounds in May After Disappointing April Jobs Report

Hiring Rebounds in May After Disappointing April Jobs Report

Sunday, 06 June 2021
Lending
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The latest monthly jobs numbers have provided another sign of a strong U.S. recovery, as hiring picked up in May after a lackluster April. So reports NBC. Read more...
Economic Growth Speeds Up, While Prices Rise: The Fed

Economic Growth Speeds Up, While Prices Rise: The Fed

Sunday, 06 June 2021
Lending
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The Federal Reserve's latest analysis of U.S. economic conditions has found that the recovery kept gaining steam in recent weeks, despite higher costs and labor shortages. So reports Reuters. Read more...
Weekly Mortgage Applications Fall to Lowest Since February 2020

Weekly Mortgage Applications Fall to Lowest Since February 2020

Sunday, 06 June 2021
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With prices and interest rates on the rise lately, a key measure of mortgage applications has dropped to its lowest level since the early days of the pandemic. So reports Fox Business. Read more...
Biden Unveils Measures to Address Housing Discrimination

Biden Unveils Measures to Address Housing Discrimination

Sunday, 06 June 2021
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President Joe Biden has announced new measures aimed at combating racial discrimination in the housing market as part of an effort to shrink the racial wealth gap. So reports Business Insider. Read more...
Forbearances On the Rise Again: Black Knight

Forbearances On the Rise Again: Black Knight

Friday, 28 May 2021
Lending
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Black Knight noted we saw another week of increases. For example, forbearance volumes rose by another 16,000 (+0.73%) in the most recent week. Read more...
Freddie Mac Names Michael DeVito As CEO

Freddie Mac Names Michael DeVito As CEO

Friday, 28 May 2021
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Freddie Mac’s board of directors has appointed Michael DeVito as its new CEO, the mortgage-finance giant announced. Read more...
30-Year Mortgage Rate Slips Back Below 3%

30-Year Mortgage Rate Slips Back Below 3%

Friday, 28 May 2021
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After rising to 3% the previous week, the rate on the 30-year mortgage averaged 2.95% in the week ending May 27, according to Freddie Mac. So reports Bankrate. Read more...
April Pending Home Sales Unexpectedly Sink

April Pending Home Sales Unexpectedly Sink

Friday, 28 May 2021
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A monthly gauge of existing home sales has dropped, contrary to economists’ projections, a sign that rising home prices have constrained potential buyers. So reports MarketWatch. Read more...
Jobless Claims Fall for Fourth Week to New Pandemic Low

Jobless Claims Fall for Fourth Week to New Pandemic Low

Friday, 28 May 2021
Lending
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The jobs picture continues to brighten, as initial unemployment claims have fallen for four straight weeks now, reaching a 14-month low. So reports Yahoo! Finance. Read more...
Bodnar of MMG: Rates Hit 3-Month High, Then Things Changed

Bodnar of MMG: Rates Hit 3-Month High, Then Things Changed

Thursday, 27 May 2021
Lending
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Bill Bodnar of The Mortgage Market Guide (MMG) notes that mortgage rates touched the best levels in three months as MBS prices had their highest closing price since March 2nd. But then things changed later in the week as prices faded. Read more...

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