The 30-year fixed-rate mortgage averaged 6.81%, up from last week when it averaged 6.71%. A year ago at this time, the 30-year rate averaged 5.30%.
News in end use
ADP® Reports Increased Private Sector Employment Gains but Reduced Compensation Growth in June
According to the ADP® National Employment Report™, nonfarm private sector employment increased by 497,000 jobs in June and annual pay was up 6.4% year-over-year.
Job Openings and Labor Turnover Summary for May
According to the JOLTS report, as of the last business day in May, the number of job openings and rate decreased to 9.8 million—down 496,000, or 0.3%. This offsets a similar size increase in April.
Private Sector Job Cuts Down Month-Over-Month but Up Year-Over-Year in June
US-based employers announced 40,70 job cuts in June. This is down 49% from the 80,089 job cuts announced in May; however, it is up 25% from the 32,517 job cuts announced in June 2022.
US Weekly Jobless Claims Increase in the Week Ending July 1st
The advance figure for seasonally adjusted initial unemployment claims was 248,000 during the week ending on Saturday, July 30th. This is an increase of 12,000 from the previous week’s revised level of 236,000.
U.S. Homes are Selling for 1% Less than Last Year’s All-Time Record High
Redfin, the Seattle-based, technology powered, real estate brokerage firm reported on Thursday (6-29-23), that according to their data the typical […]
Mortgage Payments Increase in April 2023 – for Fifth Consecutive Month – Setting New Record High
The Mortgage Bankers Association (MBA) reported on Thursday (6-29-23), that according to its Purchase Applications Payment Index (PAPI), which measures […]
U.S. Monthly Construction Spending Increased in May 2023
On Monday (7-3-23), The U.S. Census Bureau reported that total construction spending during May 2023 was estimated at a seasonally […]
Canadian Real Gross Domestic Product Unchanged from April
Statistics Canada (StatsCan) reported on Friday (6-30-23), that real gross domestic product (GDP) in Canada, was unchanged in April, following […]
Personal Income – Disposable Income – Personal Consumption Expenditures All Up in May 2023
The U.S. Bureau of Economic Analysis (BEA) reported on Friday (6-30-23), that according to their estimates, personal income (PI) increased […]