Bad jobs mean lower rates. How long will it last for homebuyers and refinancers?
Jobs
The Basis Point team auditions for jobs at CB Insights. Do we pass muster?
Today's linkage on women in real estate, $17 billion in consumer debt, and things looking better for home buyers
Rate lock advisory since Saturday worked for those who were listening.
Rates holding near record lows after ADP jobs, bad European PMI.
Rates holding near record lows after ADP jobs, bad European PMI.
Today's ADP jobs, mortgage apps, ISM Services data. Plus a word on rate market volatility.
There are no releases of economic fundamentals today. Data this week was mixed. Wall Street seems fixated on the budget process. The things which will determine where markets go from here are: 1) 2Q2011 advanced GDP which will be released 7/29 and 2) perception regarding any Eurozone defaults. It is worth mentioning that while there
Initial Jobless Claims -418,000 week ended July 16, the 16th week above 400k -Up 10k from previous week’s revised 408,000 -4-week moving average 421,250 -Down 2,750 from the previous week’s revised average of 424,000 -This is a chart of Initial Jobless Claims since March 2009 -See colored line showing that we got below 400,000 in
This is a great interactive tool from Wall Street Journal where you can see unemployment rate for your profession. Click sample chart to get to page where you can build your own chart.
Our ‘jobs’ tag below once again takes on new meaning after a one-man Vegas caper nets $1.5m in Bellagio chips. This is ostensibly the motorcycle bandit’s second heist in a week. This guy must be a made man because stolen chips are hard to move otherwise. Each picture below links to different story, the Las
Rate/Market Recap Week of September 27 Rates were unchanged last week: 30yr fixed rates were 4.32% with .8 points, which tied a record low set September 2. This figure is the national average for owner-occupied single family home loans up to $417,000. Rates held lows for three reasons: (1) Q2 economic growth was finalized at
Another massive $100m+ art heist was just pulled off clean in Paris. The prize: a Picasso, a Matisse and three other masterpieces. Can people who do this move art in the circles they run in? Probably. Or maybe they just do it for the thrill. Either way, everyone loves a good caper, so we’re just
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