U.S. Budget Stalemate, Italian Elections Stir Concerns Mortgage rates were lower last week as investors sought safety in bonds in the wake of US legislators’ failure to agree on budget cutbacks, and after Italy’s elections failed to reveal a leader committed to continuing economic reform. When bond prices including Mortgage Backed Securities rise, mortgage rates …
Federal Jobs Report Shows Biggest Increase Since 2008
The Bureau of Labor Statistics (BLS) issued its Job Openings and Labor Turnover report for February on Tuesday, June 9th, 2013. The data was mixed with preliminary figures for all non-farm jobs increasing from 3.62 million jobs in January to 3.93 million jobs in February. This was the highest month-to- month increase in jobs since …
Todays Improving Housing Market
Market Update QUOTE OF THE WEEK…“I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel“–Maya Angelou, American author and poet INFO THAT HITS US WHERE WE LIVE… Homeowners in Springfield that are putting their homes on the market appear to be …
Post-Fiscal Cliff, Mortgage Markets Turn Attention To Jobs Data
Post-Fiscal Cliff, Mortgage Markets Turn Attention To Jobs Data Up, Up, Up! Mortgage rates moved higher Wednesday as congressional leaders voted to avoid the “Fiscal Cliff”. Mortgage-backed securities (MBS) fell as investors bid up stock prices. Confidence among investors and consumers typically causes mortgage rates to rise. That’s what happened Wednesday. For Thursday and Friday, expect jobs …
27 Months Of Consecutive Job Growth Helping Home Prices Rise
27 Months Of Consecutive Job Growth Helping Home Prices Rise The Bureau of Labor Statistics (BLS) Non-Farm Payrolls report for December exceeded Wall Street’s expectations by 5,000 net new jobs, showing 155,000 positions created in December. The December tally raised the economy’s 12-month total to 1.84 million net new jobs created nationwide. Jobs added in …
