The Atlanta Fed believes COVID-19 spike in key states could lead to higher foreclosure rates.
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Americans Who Qualify for Refinancing of First Mortgage Could Save Hundreds of Dollars Monthly
A data and analytics provider for mortgage industry estimates that 90% of homeowners could lower monthly payments with current mortgage rates.
Canadian Consumer Confidence Up for 10-Weeks in a Row
Consumer confidence increased in Canada for the 10th straight week according to Bloomberg Nanos Canadian Confidence Index.
Federal Housing Finance Agency Announces Extension of Forbearance for Multifamily Property Owners
The FHFA has announced that both Fannie Mae and Freddie Mac are going to be allowing services to extend forbearance for multifamily property owners with existing forbearance agreement for up to three additional months, totaling forbearance up to six months.
Mortgage Rates Hit Lowest Level Since 1971, for the Week Ending July 2nd
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending 2nd July 2020.
FEA’s Weekly Orders Survey – Dealers Continue to Report Robust Jobsite Activity
Dealers continue to report strong sales to their contractor customers jobsites but noted that deliveries for Friday were a bit on the light side.
Year-Over-Year Total Nonfarm Employment Increased in June
According to the Bureau of Labor Statistics (BLS) total nonfarm employment increased by 4.8 million jobs in June and the unemployment rate has dropped to 11.1%.
Weekly Jobless Claims Modestly Decline for Week Ending June 27th
The U.S. Department of Labor is reporting that an additional 1.427 million Americans made their initial filing for unemployment benefits during the week ending on Saturday June 27th.
ADP National Employment Report® – Private Sector Employment Increased Between May and June
According to the ADP National Employment Report®, private sector employment increased by 2,369,00 jobs from May to June.
Mortgage Applications Decline in Week Ending June 26th 2020
According to data from the MBA Weekly Mortgage Application Survey, for the week ending June 26th, 2020, the Market Composite Index decreased -1.8% on a seasonally adjusted basis from one week earlier.