Instant Reaction: Jobs, September 6, 2024
The net monthly job addition averaged 116,000 from 3 months to August. That is light. It even suggests the possibility of turning net negative in the upcoming months if the economy hits an unexpected speed bump. The softening job figures suggest that the Federal Reserve will cut interest rates in mi
HMDA and Housing Demand
Please note: The Tableau data visualization embeds on this page are best viewed on a laptop or desktop computer. The Home Mortgage Disclosure Act (HMDA) provides detailed information on mortgage lending activity, offering valuable insight into housing demand. Data on the number of loan applications
Instant Reaction: Mortgage Rates, September 5, 2024
Facts: The average 30-year fixed mortgage rate from Freddie Mac remained unchanged at 6.35% this week from last week. At 6.35%, with 20% down, a monthly mortgage payment on a home with a price of $400,000 is $1,991. With 10% down, the typical payment would be $2,240. Positive: Although mortgage rate
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