Freddie Mac has released its Primary Mortgage Market Survey® for the week ending January 5th. The 30-year fixed-rate mortgage averaged 6.48%, up from last week when it averaged 6.42%. A year ago at this time, the 30-year rate averaged 3.22%.
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ADP® Reports Private Sector Employment Gains and Increased Compensation in December
According to the November ADP® National Employment Report™ released today, nonfarm private sector employment increased by 235,000 jobs in December, and annual pay was up 7.3%, year-over-year.
Job Cuts in December Decreased Month-Over-Month but Increased Year-Over-Year
According to the Challenger, Gray & Christmas, Inc. (CG&C) Job Cuts Report released today, US-based employers announced 43,651 job cuts in December, down 43% from the 76,835 announced job cuts in November.
US Weekly Jobless Claims Fell in the Week Ending December 31st
The US Department of Labor is reporting that the advance figure for seasonally adjusted initial unemployment claims was 204,000 during the week ending on Saturday, December 31, 2022. This is decrease of 19,000 from the previous week’s revised level of 223,000.
Mortgage Applications Decrease Over the Two-Week Holiday Period
According to data from the Mortgage Bankers Association’s Weekly Mortgage Application Survey for the two weeks ending December 30th, the Market Composite Index (a measure of mortgage loan application volume) decreased 13.2% on a seasonally adjusted basis from two weeks earlier.
Job Openings and Labor Turnover Summary for November 2022
On Wednesday, the US Bureau of Labor Statistics reported the Job Openings and Labor Turnover Summary (JOLTS) for November 2022. As of the last business day in November, the number of job openings edged slightly higher to 10.5 million from 10.3 million in October.
US Construction Spending in November Up Month-Over-Month and Year-Over-Year
The US Census Bureau reported that total construction spending during November 2022 was estimated at a seasonally adjusted annual rate of $1,807.5 billion, 0.2% above the revised October estimate of $1,803.2 billion. The November figure is 8.5% above the November 2021 estimate.
Homes for Sale Increase as Buyers Take More Time
Redfin reported on Thursday (12-29-22) that in the four-week period ending December 25th, the total number of homes for sale […]
30-Year Fixed Mortgage Rate Moves Higher
Freddie Mac has released its Primary Mortgage Market Survey® (PMMS) for the week ending December 29, 2022. The PMMS reports […]
US Weekly Jobless Claims for the Week Ending December 24th
The US Department of Labor is reporting that seasonally adjusted an additional 225,000 Americans made their initial filing for unemployment benefits during the week ending on Saturday, December 24, 2022. This is an increase of 9,000 from the previous week’s unrevised level of 216,000.