“The decrease in initial claims for unemployment insurance in recent weeks, the continued robust demand for workers as shown by the high level of job openings, and other data showing increasing economic activity, point to more hiring over the summer. MBA is sticking with our forecast of a 4.5% unemployment rate by the end of the year.” --MBA Chief Economist Mike Fratantoni.

This week, it’s business as usual—at least as “usual” things can be in the pandemic era. Congress is in town, and the Mortgage Bankers Association is busy.