Mortgage applications fell for the fifth straight week, remaining at their lowest level in 22 years as interest rates rose again, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending Sept. 2.
Tag: Mike Fratantoni
Employers Add 315,000 August Jobs
July job growth slowed from June, the Bureau of Labor Statistics said on Friday—but analysts said that’s not necessarily a bad thing.
July Job Openings Overwhelm Pool of Available Workers
In the first of four major employment reports this week, the Bureau of Labor Statistics reported job openings rose to 11.2 million as of the end of July, more than double the pool of available workers.
Solid Jobs Report Move Employment, Unemployment Rate to Pre-Pandemic Levels
Total nonfarm employment jumped by 528,000 jobs in July, more than double consensus expectations and pushing the unemployment rate to 3.5 percent, the Bureau of Labor Statistics reported Friday.
Gross Domestic Product Contracts at 0.9% Pace
Real gross domestic product decreased at an annual rate of 0.9 percent in the second quarter–the second consecutive quarter with a decline–the Bureau of Economic Analysis said Thursday.
FOMC Raises Federal Funds Rate 75 Basis Points
The Federal Open Market Committee hiked the federal funds rate by 75 basis points on Wednesday, matching its 75 basis point increase in June.
MBA Updates Economic, Mortgage Market Forecasts
The Mortgage Bankers Association released updated Economic and Mortgage Market forecasts Thursday.
MBA Updates Economic, Mortgage Market Forecasts
The Mortgage Bankers Association released updated Economic and Mortgage Market forecasts Thursday.
June Jobs Report Beats Estimates
Employment rose by 372,000 jobs in June, the Bureau of Labor Statistics reported Friday, a strong report despite rising inflation and economic uncertainty.
Who Owns Climate Risk? MBA White Paper Examines Challenges, Risks for U.S. Real Estate
The Mortgage Bankers Association this week issued a white paper examining how climate change is dramatically reshaping lenders’ and policymakers’ approaches to the U.S. real estate market.