U.S. Economy Adds 206,000 to Payroll in June
Total nonfarm payroll employment was up by 206,000 in June, and the unemployment rate was at 4.1%, per the U.S. Bureau of Labor Statistics.
ICE Mortgage Monitor: Share of Mortgages Above 5% Interest Rate Creeps Up
Intercontinental Exchange, Atlanta, released its latest mortgage monitor with May’s data. Among other findings, 24% of mortgage holders had interest rates of 5% or higher, up from just 10% in 2022.
FHFA Releases NMDB Outstanding Residential Mortgage Statistics
There were 50.8 million outstanding mortgages with unpaid balances totaling $11.7 trillion at the end of the first quarter, the Federal Housing Finance Agency reported last week.
MBA Chart of the Week: Monthly Employment Changes and Unemployment Rate
Once again, the headline gain in nonfarm payroll employment does not tell the entire story.
ServiceLink’s Miriam Moore and Eva Tapia: The Auction Effect is Becoming More Mainstream. What You Need to Know
Widespread inventory shortage has piqued the interest of mainstream buyers who are now pursuing auction properties as a means to fulfill their dream of homeownership.
