Post-Fiscal Cliff, Mortgage Markets Turn Attention To Jobs Data

Jan 03

Post-Fiscal Cliff, Mortgage Markets Turn Attention To Jobs Data

January 3, 2013 By Joshua Oliver Leave a Comment

Mortgage rates moved higher Wednesday up congressional leaders voted to avoid the "Fiscal Cliff". Mortgage-backed securities (MBS) fell as investors bid up stock prices. Confidence among investors and consumers typically causes mortgage rates to rise. That's what happened Wednesday. For Thursday and Friday, expect jobs data to dictate where District of Columbia mortgage rates are headed. The Federal Reserve has said that the national Unemployment Rate will dictate future monetary … [Read more...]

Filed Under: Buying Real Estate in Washington, DC, Selling Real Estate in Washington, DC Tagged With: Bureau of Labor Statistics, Federal funds rate, Federal Reserve System, Friday, Jobless claims, Jobs, Mortgage loan, Unemployment, Unemployment Rate, Wall Street, washington dc

Nov 06

October Jobs Report Blows Away Estimates; Mortgage Rates Falling

November 6, 2012 By Justin Paulhamus Leave a Comment

Another month, another good showing for the U.S. economy. Mortgage rates are performing surprisingly well after Friday's release of the October 2012 Non-Farm Payrolls report. The Bureau of Labor Statistics' monthly report beat Wall Street expectations, while also showing a giant revision to the previously-released job tallies of August and September. 171,000 net new jobs were created last month against calls for 125,000 and revisions for the two months prior totalled … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Bureau of Labor Statistic, Economy of the United States, Jobs, Mortgage loan, mortgage rates, Non-Farm Payrolls, Point (mortgage), report, Unemployment, Unemployment Rate, Wall Street

Apr 10

Homes Get More Affordable On March Jobs Data

April 10, 2012 By Jessica Wilkie Leave a Comment

Homes Get More Affordable - Unemployment Rate

Americans continue to get back to work. Last Friday, in its Non-Farm Payrolls report for the month of March, the Bureau of Labor Statistics announced 120,000 net new jobs created, plus combined revisions in the January and February reports of +4,000 jobs. The March report marks the 18th straight month of job growth nationwide -- the first time that's happened in 5 years. The Unemployment Rate dipped in March, too, falling one-tenth of one percent to 8.2%. This is its lowest … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Bond market, Bureau of Labor Statistics, District of Columbia, Employment, Jobs, Mortgage loan, Non-Farm Payrolls, report, Stock market, Unemployment Rate, United States, Wall Street, washington dc

Feb 14

Fewer Jobless Claims Suggests Higher Home Prices Ahead

February 14, 2012 By Joshua Oliver 1 Comment

Economists believe the strength of the 2012 housing market will be closely tied to jobs. If they're right, the housing market is ripe for a boost. It spells good news for District of Columbia home sellers and may mean the end of bargain-basement prices for buyers. Since peaking in mid-2009, the number of U.S. workers filing for first-time unemployment benefits has dropped 44 percent. Over the same period of time, the U.S. economy has added more than 2 million jobs and the national … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Buyer, Department of Labor, Federal Housing Administration, Initial Jobless Claims, Jobless claims, Jobs, Labour economics, Real estate economics, Real estate pricing, Unemployment, United States

Jan 05

Are You Locked ? Friday’s Job Report Will Make Mortgage Rates Move.

January 5, 2012 By Joshua Oliver 8 Comments

If you're floating a mortgage rate, or have yet to lock one in, today may be a good day to call your loan officer. Friday morning, the government releases its Non-Farm Payrolls report at 8:30 AM ET. The Non-Farm Payrolls report is more commonly called the "jobs report" and, lately, it's been Wall Street's domestic economic metric of choice. As jobs go, so go markets. In the 12 months beginning November 2007, the economy shed 2.3 million on its way to losing more than 7 million jobs by … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Friday, Jobs, Mortgage loan, Non-Farm Payroll, Non-Farm Payrolls, Unemployment Rate, United States, Wall Street, washington dc

Aug 11

Strong Job Growth In July Trumped By Credit Downgrade

August 11, 2011 By Ariana Lazar Leave a Comment

More Americans are getting back to work. The latest Non-Farm Payrolls survey from the Bureau of Labor Statistics shows that 117,000 net new jobs were created in July, thumping analyst estimates and surprising Wall Street investors. In addition, May and June's originally-reported figures were both revised higher: May 2011 was revised higher by 28,000 jobs June 2011 was revised higher by 28,000 jobs The national Unemployment Rate slipped to 9.1 percent. The jobs report's strong … [Read more...]

Filed Under: Buying Real Estate in Washington, DC, Selling Real Estate in Washington, DC Tagged With: Bureau of Labor Statistics, Dow Jones Industrial Average, Jobs, Mortgage loan, Non-Farm Payrolls, Standard & Poors, Unemployment, Unemployment Rate

Aug 03

A Mortgage Rate Strategy For July’s Jobs Report

August 3, 2011 By Ariana Lazar 1 Comment

At 8:30 AM ET Friday, the Bureau of Labor Statistics will release the July 2011 Non-Farm Payrolls report. Mark it in your calendar. If you've been watching mortgage rates fall to new all-time lows this week and fear a mortgage rate reversal, Friday could be the day. The monthly Non-Farm Payrolls data can swing a big stick in mortgage markets. More commonly called "the jobs report", Non-Farm Payrolls details the U.S. workforce, providing sector-by-sector analysis of workforce, … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: buy dc real estate, dc real estate, Jobs, Mortgage loan, Non-Farm Payrolls, Unemployment Rate

Jul 15

Retail Sales Rise For 12th Straight Month In June

July 15, 2011 By Barry Epstein Leave a Comment

The American Consumer will not be deterred. Despite worsening jobless figures and an increase in the Cost of Living, Retail Sales are climbing. In June, for the 12th straight month, retail receipts rose, excluding cars and auto parts. Analysts expected no change from May. Instead, receipts topped $321 billion -- an all-time record. For home buyers and would-be refinancers in DC , this is a bit of unwelcome news. Mortgage rates are rising in the wake of the Retail Sales data … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Consumer Spending, Cost of Living, Jobs, Retail, Retail Sales

Jul 08

Mid-Year Review : Were The Experts Right About The Market?

July 8, 2011 By Ariana Lazar Leave a Comment

The year is half-over. It's an opportune time to take stock of analyst predictions made at the start of the year, and to recognize that the "experts" can be wrong as often as they are right. For as much experience and authority an expert brings to the conversation, though, nobody can accurately predict the future. As such, there's often disagreement. Looking back to December, some housing analysts called for a market rebound this year; while others called for a fall. With respect … [Read more...]

Filed Under: Buying Real Estate in Washington, DC, Selling Real Estate in Washington, DC Tagged With: Greece, Jobs, Mortgage loan, Prediction, Volcano, Washington D.C.

Jul 07

Economy Expected To Have Added 80,000 Jobs In June

July 7, 2011 By Barry Epstein Leave a Comment

Friday morning, at 8:30 AM ET, the Bureau of Labor Statistics releases its June Non-Farm Payrolls report. If you're currently shopping for a mortgage, or floating a mortgage rate, be prepared. Mortgage rates can change following the monthly report's release. Often, by a lot. More commonly called "the jobs report", Non-Farm Payrolls reports on the U.S. workforce by sector, summarizing its findings in terms of total workforce size, and as a national Unemployment Rate. Jobs are considered a … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Bureau of Labor Statistics, Consumer Spending, Jobs, mortgage, Mortgage loan, Non-Farm Payrolls, Unemployment, Unemployment Rate