This week’s chart highlights initial unemployment claims data from the U.S. Department of Labor, portraying the speed and severity of the labor market’s deterioration during the COVID-19 pandemic, as businesses closed or transitioned to remote working arrangements.
Tag: Joel Kan
Mortgage Applications Up Again as 30-Year Rates Hit Another Record Low in MBA Weekly Survey
Mortgage applications increased for the second straight week as the 30-year fixed rate fell to yet another record low, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending July 10.
Mortgage Applications Up Again as 30-Year Rates Hit Another Record Low in MBA Weekly Survey
Mortgage applications increased for the second straight week as the 30-year fixed rate fell to yet another record low, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending July 10.
MBA: May New Home Purchase Mortgage Applications Up 20% from May, 54% from Year Ago
The home building market continued to show signs of sharp recovery from the coronavirus economy, the Mortgage Bankers Association reported this morning, with June mortgage applications for new home purchases increasing by 54.1 percent from a year ago and by 20 percent from May.
MBA: May New Home Purchase Mortgage Applications Up 20% from May, 54% from Year Ago
The home building market continued to show signs of sharp recovery from the coronavirus economy, the Mortgage Bankers Association reported this morning, with June mortgage applications for new home purchases increasing by 54.1 percent from a year ago and by 20 percent from May.
Mortgage Credit Availability Falls Again, Remains at 6-Year Low
Mortgage credit availability fell in June for the fourth consecutive month, remaining at a six-year low, the Mortgage Bankers Association reported this morning.
Mortgage Credit Availability Falls Again, Remains at 6-Year Low
Mortgage credit availability fell in June for the fourth consecutive month, remaining at a six-year low, the Mortgage Bankers Association reported this morning.
Mortgage Applications Increase in MBA Weekly Survey
Mortgage applications increased for the first time in three weeks as key mortgage rates fell to yet another record low, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending July 3.
Mortgage Applications Increase in MBA Weekly Survey
Mortgage applications increased for the first time in three weeks as key mortgage rates fell to yet another record low, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending July 3.
MBA Chart of the Week: Monthly Payroll Growth and Unemployment Rate
The economy added a record 4.8 million jobs to nonfarm payrolls in June, bringing the cumulative increase in May and June to one-third of the sharp decreases in March and April. Similarly, the June unemployment rate, at 11.1%, was down 3.6% from its high in April, and labor force participation jumped by 0.7% to 61.5% (1.9% below its pre-coronavirus level in February). However, we are not yet out of the woods.