Unemployment Claims Continue Decline Streak; Wholesale Inflation Muted, Except Energy – Daily Mortgage Rate Update for September 16th, 2010
September 16, 2010 by Dan Hartman · 1 Comment
Workers filing for first-time unemployment benefits declined again last week to 450,000 from a revised 453,000 in the prior week, in yet another sign that the employment situation may be approaching a turnaround. Weekly claims have decreased each of the last four weeks, yet remain at 450,000, a level not seen as consistent with employment growth. There are already signs this morning that more claims may be one the way – one of the top headlines of the day is package deliverer FedEx’s plan to cut 1700 jobs in a consolidation of its trucking business.
Mortgage Pricing Jumps on Weak Manufacturing Data – Daily Mortgage Rate Update for August 20th, 2010
August 20, 2010 by Dan Hartman · Leave a Comment
Lenders that have tightened their pricing have been able to keep wait times somewhat more controlled. Those I reviewed appear to be closer to 3 days for purchase mortgage underwrites and 8 days for refinances. They are, however, less competitive with market pricing.
