The House gave final approval today to a budget blueprint that included President Biden’s $1.9 trillion stimulus plan, advancing it over unanimous Republican opposition; Democrats pressed forward with plans to begin drafting the aid package next week, hoping to speed it through the House by the end of the month. President Biden said Friday that a weak jobs report created new urgency for his proposed $1.9 trillion economic aid package, and that he would not delay the bill in hopes of attracting Republican support.
The January jobs report showed high rates of long-term unemployment (counted as a period of joblessness lasting at least six months). According to the Bureau of Labor Statistics, almost 40% of jobless workers are long-term unemployed, nearing the record 46% following the Great Recession.
The average contract interest rate for 30-year fixed-rate mortgages increased last week from 2.92% to 2.95%. The Mortgage Bankers Association’s seasonally adjusted index showed refinancing applications jumping 11% last week; demand was 59% higher compared to last year. The refinance share of mortgage activity increased to 71.4% of total applications, up from 70.7% the previous week.
With the increased pace of vaccinations, a strong stimulus plan, and an accommodating Federal Reserve – the second half of 2021 may see very strong economic growth.
It is recommended to submit loan application as soon as possible since interest rates have been rising slightly. |
众议院在周五最终批准了一份预算蓝图,其中包括拜登总统的1.9万亿美元刺激方案,在共和党一致反对下推进,民主党人敦促计划下周开始起草援助计划,并在月底前加快通过众议院。拜登总统周五表示,疲弱的就业报告为其拟议的援助计划增加了新的紧迫性,并且他不会为了吸引共和党的支持而推迟该法案。
一月份的就业报告显示长期失业率很高,这是一个至少持续六个月的失业期。劳工统计局周五报道,几乎40%的失业工人是长期失业者,接近大萧条后创下的46%的纪录。
上周,30年期固定利率抵押贷款的平均合同利率从2.95%降至2.92%。根据抵押银行家协会的季节性调整指数,上周再融资申请较前一周增长了11%。需求比一年前增长了59%。抵押贷款活动的再融资份额从前一周的70.7%增加到总申请量的71.4%。
随着疫苗接种步伐的加快,强有力的刺激计划和美联储採取的行動,2021年下半年可能会看到非常强劲的经济增长。
由于最近利率略有上升,因此建议尽快提交貸款申请。 |
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IMPORTANT: Advertised rates were valid and effective as of the date reflected above, are for informational purposes only, and are subject to change without notice.
Loans are subject to credit and collateral approval. Advertised rates are based on a set of loan assumptions including a borrower with excellent credit history and optimal loan characteristics. Your final interest rate and annual percentage rate (APR) may differ depending on your individual transaction’s specific characteristics, and certain products may not be available for your situation. Several determining factors include, but are not limited to, the state of the property location, loan amount, documentation type, loan type, occupancy type, property type, loan to value, and credit score.
APR reflects the cost of credit over the term of the loan expressed as an annual rate. For mortgage loans, APR may include the interest rate, discount points (also referred to as “points”), and other charges or fees (such as mortgage insurance and origination fees), but does not necessarily take into account other loan-specific finance charges you may be required to pay.
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