The Federal Reserve’s Federal Open Market Committee left interest rates unchanged on Wednesday.
Tag: Mike Fratantoni
MBA Chart of the Week: Monthly Payroll Growth, Unemployment Rates
The job market softened somewhat in February, with the unemployment rate increasing to 4.1%, the pace of private sector job growth up by 140,000, and wage growth steady at 4%.
143,000 Jobs Added in January, Unemployment Rate Edges Down
There were 143,000 jobs added to total nonfarm payroll employment in January, the Bureau of Labor Statistics reported Feb. 7.
FOMC Holds Rates Steady; MBA Economist Weighs In
The Federal Reserve’s Federal Open Market Committee left interest rates unchanged Jan. 29.
Delinquency Rates for Commercial Properties Increased in Fourth-Quarter 2024, MBA Finds
Delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2024, according to the Mortgage Bankers Association’s latest commercial real estate finance (CREF) Loan Performance Survey.
Jobs Grow by More Than 250,000 in December; Industry Economists Weigh In
Total nonfarm payroll employment grew by 256,000 in December, and the unemployment rate was little changed at 4.1%, the U.S. Bureau of Labor Statistics reported.
FOMC Cuts Interest Rates; MBA Economist Weighs In
The Federal Reserve’s Federal Open Market Committee cut interest rates by 25 basis points Wednesday in its third consecutive reduction. The market had anticipated the change.
November Job Growth Exceeds Expectation
November’s job creation bounced back from October and exceeded consensus estimates.
BLS: Jobs Close to Flat in October
Total nonfarm payroll inched up by just 12,000 in October, and the unemployment rate was unchanged at 4.1%, per the U.S. Bureau of Labor Statistics.
MBA Forecast: Mortgage Originations to Increase 28% to $2.3 Trillion in 2025
DENVER–The Mortgage Bankers Association announced at its 2024 Annual Convention & Expo that total mortgage origination volume is expected to increase to $2.3 trillion in 2025 from the $1.79 trillion expected in 2024.