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Breaking News: Job Market Insights & Mortgage Trends We've just got the latest job market data and it's revealing some critical insights! 📉 Here's what you need to know: 📊 Job Creation: Only 114,000 new jobs, way below expectations. 💼 Unemployment Spike: Rates jumped from 4.1% to 4.3%. 💵 Wages & Hours: Average hourly earnings rose less than expected, and hours worked decreased. 🏠 Mortgage Market: Positive bond rallies hint at lower future mortgage rates. Stay ahead and make informed decisions about your home finance. Read our full analysis and find out how these trends affect you! Read the full report!!! #RonSiegelRadio #BorrowSmart #JobMarketUpdate #EconomicTrends #HomeFinanceInsights Subscribe and receive it daily ABSOLUTELY FREE at https://lnkd.in/gzGjjezv

Did You Know…? With mortgage rates settling at 6.5% to 7%, job additions will be the source of future housing demand. Nationally, there are 5 million more Americans working today compared to pre-covid days. At the state level, some states have zoomed far ahead. Home prices, meanwhile, are at their record highs with every state improving. The faster job adding states are in general leading to faster home price gains. A few exceptions: Maine, New Hampshire, Vermont, and Hawaii have outsized home price appreciations in relation to job gains because of remote work trends in pleasant locations. RightStart’s lending division, A full-service Fannie Mae Seller/Servicer and a direct Ginnie Mae issuer.   30 years' experience in all aspects of the mortgage business: Conforming, Govie, NQM, & Commercial exits. DM / Call @ 949-350-2210 Direct or email [email protected]   #mortgage #business #experience #conformingloans #fhaloans #va #nonqmlending #commercialbanking #realestatebroker #realestateagent #sales #buyersagent #preapproval #goodloansfundedfast #rightstartmortgage #directlending #serviceprovider #housing #realestate #job #federalreserve #people #team #art #leaders #building #science #leader #growth #naturalgas #oil #covid #interestrates #hiring #localgovernment #jobs #constructionindustry #help #school #email #employment #teachers #police #bank #realestate #loanofficer #adviceoftheday #retail #like #sales #VALoans #Mortgage #LoanOptions #economy #finance #investment #communication #mindset #creative #investments #LeadershipMatters #CultureWins #layoffs #economy #hiring #DSCR #bankstatementloans #nonqmlending    

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗝𝘂𝗹𝘆 𝟭, 𝟮𝟬𝟮𝟰 𝗟𝗮𝘀𝘁 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗥𝗲𝗰𝗮𝗽: 𝗥𝗮𝘁𝗲𝘀 𝗺𝗼𝘃𝗲𝗱 𝗵𝗶𝗴𝗵𝗲𝗿 👎 Rates moved slightly higher to end the week, despite a positive reaction to Friday's inflation data. Most lenders started off Friday with better rates but were forced to reissue new rate sheets through the afternoon as mortgage bonds lost ground in month's end trading. Mortgage bonds are the basis that lenders use when setting mortgage rates. 𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗹𝗶𝗸𝗲𝗹𝘆 𝘁𝗼 𝗯𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗲 ⚠️ Mortgage rates are likely to move this week, but whether that move is higher or lower will depend on the labor market data. Markets will close early on Wednesday and be closed on Thursday for the holiday, as will most mortgage lenders. Friday has the most potential to see rates move. 📈 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸: - Economic data: There will be a handful of reports throughout the week that will affect mortgage rates. - Jobs data: Tuesday brings labor market data on job openings and layoffs, while Friday brings the BLS jobs report showing unemployment, wages, and new jobs created in June. - Independence Day: Since the 4th falls on a Thursday, many traders will take an extended weekend, and the resulting decrease in trading volume adds to the potential volatility for rates this week. 📱(919)348-8416 www.MattyGetsYouHome.com #mortgages #mortgagerates #realestate #mortgageinterest #homebuyingtips #realestateadvice #refinance #mattygetsyouhome #housing #homeownership #home #realestate #mortgage #trustmortgagematty #homebuyer #homebuying #househunting #housing #rates #forecast #fourthofjuly #july #fourth #fireworks

🚨 Mortgage Rate Update 👇    It was a mixed week for rates as Conventional and VA ticked higher while FHA and Jumbo were slightly lower. 🤷♂️    Everything was going well until we got a surprise move higher on Friday - even after a positive inflation report (PCE). 😠    All of this goes to show that it's not so simple to time the market with interest rates. When your numbers work, it's likely best to lock them in instead of waiting for something better. 🔒    This week we'll celebrate freedom and get a handful of important updates that can move the market. 🇺🇸    It's jobs week and we'll get the ADP and BLS numbers on how many jobs were created. 💼    Take it with a grain of salt though. Reports are coming out that previous job gains haven't been been so accurate in California...🫣    Google "Newest Early Jobs Revision Shows No Net Job Growth During 2023" for more on that topic. 📰    The markets seem to be focusing more on the labor market than inflation right now, but I'd suggest you focus on what you can control. 👍    If you're an agent, keep your people updated as the markets change - even if it gets worse. 📢    If you're a buyer or seller, it's good to re-run the numbers every so often to stay current on your options. New opportunities will arise if you're looking for them! 👀    Have a great week and follow for more insight and analysis. 📲      #jacksonvillerealestate #floridarealestateagent #floridarealtors #jacksonvillerealtor #homebuyertips #homebuyers #realestateagent #investinrealestate #floridarealtor #buyingahome

Lenders Brace for the Highest Anxiety Event of the Month (so far), but Today We Have the Lowest Rates in 18 Months! 😅📉😬 It’s a nail-biting day for lenders as they brace for tomorrow’s Employment Situation Report (aka the jobs report)—the biggest factor that could shake up mortgage rates. But here’s the good news: Today’s rates are the lowest we’ve seen in a year and a half! Tomorrow’s report is a big deal because it could influence the Fed’s upcoming rate cut decision in two weeks. If job growth comes in under 100k, rates could drop even lower than today’s already amazing levels. On the flip side, if the report shows over 200k jobs, we might see rates bounce back up. We’re talking potential rate swings of 0.1-0.2%, which is a big deal compared to the tiny changes over the past two weeks. The report will drop at 8:30am ET tomorrow, just before lenders set their rates for the day. So buckle up—tomorrow could bring even more good news for homebuyers! #LowestRates #MortgageRates #HomeLoans #JobsReport #RealEstate #InterestRates #RateWatch #HousingMarket #FinancialNews #Q42024

As of May 2024, there were just under 600,000 single-family homes on the market, up 33% from last year, that’s great news for the market as inventory has always been a concern! The available supply of unsold homes is rising and is likely to continue growing through the summer, according to Mike Simonsen, founder and president of Altos Research. “In a few weeks, we expect the market will have more homes available than at anytime in the past three years!“ By the end of the summer, it looks like inventory will finally be back above 2020 levels. But it’ll take several more years of elevated mortgage rates before inventory builds back to pre-pandemic levels of 2019 or earlier.” The Fed really follows the number of job openings and also the quit rate as it’s a measure of labor tightness, and it is below COVID-19 levels The labor market has always been my key variable for lower rates, and last week’s headline jobs number missed, while wage growth came in cooler than anticipated! 🚨 DOWNLOAD THIS “PARAMOUNT DATA VAULT” 📲 IN APP STORE ⏩ CODE: GOTMTGS1 💻 Website: www.GotMortgages.com ✅ What are YOU waiting for? Do it now! . . ✅✅✅ . #mortgage #gotmortgages #education #homebuying #prmg #fed #rates #snow #homes #cuts #brand #marketing #tomsriver #ilovetomsriver #tomsriverlocal

The country has added 5.5 million more jobs compared to pre-covid highs. Some states are clearly doing better than others. Several southern states and mountain time zone states are outshining. New Jersey is the top performer from the Northeast region. Job gains builds up long term demand for housing and commercial real estate. The short-term timing of the purchase, however, will depend on mortgage rates and inventory availability.

June’s job growth was just above estimates, as the BLS reported that 206K new jobs were created. However, there were big revisions to previous months, as the data for April and May shaved 111K jobs from those months combined. The unemployment rate rose to 4.1%, the highest since November 2021, triggering the reliable Sahm Rule and suggesting we’re already in a recession. #bls #jobs #unemploymentrate #mbshighway #mbssocialshare #mortgagemarketnews Do you have any questions about home financing? For 24/7 concierge service you can email at [email protected] or you call me at either (718) 644-8664 or (732) 284-0658. Check out my website and easily apply at lo.citizensbank.com/fgrise for your home financing needs. Hope you have an amazing day! #Citizens #CitizensColleague #Mortgage #LoanOfficer

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗦𝗲𝗽𝘁𝗲𝗺𝗯𝗲𝗿 𝟯, 𝟮𝟬𝟮𝟰 𝗟𝗮𝘀𝘁 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗥𝗲𝗰𝗮𝗽: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝗹𝗼𝘄𝗲𝗿 👍 Mortgage rates moved slightly lower on the week, but not by much, and were basically unchanged throughout the week before heading into the Labor Day holiday. 𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸'𝘀 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗯𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗲 ⚠️ Mortgage rates will react to jobs data this week, and any signs that the labor market is weakening will help mortgage rates move lower. However, although it is unlikely to happen this way, if markets were to get any surprises showing the labor market is not as weak as anticipated it could see rates react negatively and move higher on the week. 📈 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸: - Labor market data: Wednesday brings the job openings and labor turnover survey (JOLTS), and on Thursday we will see unemployment claims and the ADP private payroll report. But it is Friday's Bureau of Labor Statistics (BLS) jobs data that will cause the most movement in mortgage rates this week. - Fed rate cuts: Markets will be looking for the jobs data to support the speculation that the Fed will need to start cutting its policy rate at this month's Fed meeting. If the data shows the labor market is weakening worse than expected, speculation of a bigger Fed rate cut could help mortgage rates. 📲(919)348-8416 www.MattyGetsYouHome.com #mortgages #mortgagerates #realestate #mortgageinterest #homebuyingtips #realestateadvice #refinance #mattygetsyouhome #housing #laborday #jobs #mortgage #homebuying #homeownership #goals #investment #beach #househunting

What a shift in the market! 📉 August’s job growth was a major letdown, with only 99,000 new jobs added, well below expectations and the weakest since January 2021. This, coupled with disappointing job openings data, signals a cooling job market as we approach the Fed’s September 18 rate cut. 🏦✂️ On a brighter note, mortgage rates have dropped to 6.33%, the lowest since April 2023, making home affordability more attractive. 🏡💸 If you’ve been holding off on buying or refinancing due to high rates, now might be the perfect time to act! And here’s a myth-buster: You don’t need a 20% down payment to buy a home. In fact, recent first-time buyers put down an average of just 8%, and there are even programs with lower minimum down payments. 🚫💵 Curious about how these changes affect you? Let’s chat! 💬🏠 Explore the latest trends in Weston, Davie, Pembroke Pines, and Plantation on our page! 👉 #housingmarket #realestatenews #housingmarketupdates #realestatemarket #mortgage #realestate #whatsupwithrealestate