The labor market defied expectations of even the most skeptical forecasts in January, adding a remarkable 517,000 jobs, the Bureau of Labor Statistics reported Friday.
Tag: Mike Fratantoni
Initial Claims Fall to 9-Month Low
In the third of four major jobs reports this week, initial claims for unemployment insurance fell to their lowest level since last April, the Labor Department reported Thursday.
Fed Raises Funds Rate 25 Basis Points
The Federal Open Market Committee telegraphed its intentions weeks ago; on Wednesday, to no one’s surprise, it raised the federal funds rate by 25 basis points.
January Employment Data Mixed
The first two of four major employment reports this week offered a mixed bag of data, reflecting the current volatility in the U.S. jobs market.
(IMB23) The Mortgage Market: IMB Leaders’ Perspectives
CORONADO, Calif.—With a volatile economic outlook, how are the practitioners—the independent mortgage bankers—approaching 2023 and beyond?
(IMB23) Mortgage Market Outlook: Volatility, Trending Toward Stability
CORONADO, Calif.—Inflation. Higher interest rates. Rising home prices. Market uncertainty. If 2022 threw independent mortgage bankers a curve ball, 2023 already appears to be tossing a knuckleball.
MBA Chart of the Week Jan. 20 2023: New Residential Construction/Home Purchases
This week’s MBA Chart of the Week captures data on new residential construction market and the state of new single-family home sales.
MBA Weekly Survey Jan. 18, 2023: Lowest Rates in 5 Months Spark Jump in Applications
Mortgage rates fell sharply again last week—to their lowest levels since September—and borrowers jumped at the opportunity, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending January 13.
MBA Weekly Survey Jan. 18, 2023: Lowest Rates in 5 Months Spark Jump in Applications
Mortgage rates fell sharply again last week—to their lowest levels since September—and borrowers jumped at the opportunity, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending January 13.
MBA Chart of the Week Jan. 13, 2023: Mortgage-Treasury Spread
This week’s MBA Chart of the Week looks at the spread of mortgage rates relative to Treasury yields. This has been one of the more puzzling aspects of the current environment and a contributor to the rapid rise in mortgage rates over the past year.