Jobless Claims Dip, But How Low is Too Low a Rate? – Daily Mortgage Rate Update for August 26th, 2010
August 26, 2010 by Dan Hartman · 1 Comment
Today’s employment data is significant, as it highlights the job market that will come under intense focus next week. Remember that the first Friday of each month brings the monthly employment situation report from the Bureau of Labor Statistics, commonly known as the jobs report. Next week’s report should be even more influential than others recently, as it will be free of distortion that has been caused by the recent hiring and subsequent layoff of almost 500,000 temporary census workers.
New Home Sales Climb from May Lows – Daily Mortgage Rate Update for July 26th, 2010
July 26, 2010 by Dan Hartman · 1 Comment
Interestingly, today’s figures showed that while, most other areas of the country had increases in home sales, in the West, which includes California, Nevada, and Arizona, sales actually declined. This makes perfect sense, as those states had the greatest degree of overbuilding during the boom, and still have thousands upon thousands of homes in various stages of completion that have never been occupied.
