February’s surprisingly strong job growth signals that the economy could be at a pivot point, where there could be a boom in hiring. Most of the increase in employment was in leisure and hospitality, the sector hardest hit when the economy shut down. The Labor Department reports that Non-Farm Payrolls rose by 379K in February, up from 166K in January。
A sharp drop in the spring housing market listings was partly due to severe weather, and combined with already record-low supply it will be increasingly difficult for buyers to find their dream home at the perfect price. There were nearly half as many homes for sale at the end of February, compared with a year earlier, according to a new calculation by realtor.com.
Even though current Mortgage Rates trend higher, rates persist near record lows, with the benchmark 30-year rate 0.92 percentage points below the 2019 average annual rate. Mortgage applications to purchase a home increased 2% for the week and were 1% higher than last year. Total mortgage application volume was essentially flat for the week, rising just 0.5% according to the Mortgage Bankers Association’s seasonally adjusted index.
The Fed will be purchasing about $5B today in mortgage-backed-securities. As market volatility continues, we may hit a near-term peak in rates. Loan applications still take longer than usual to process. Submit applications as soon as you can and be ready to lock what you can. |
2月份的就業率加速成長,顯示經濟正在復甦,就业率增长的最大部分是娛樂和酒店业,当经济关闭时,该行业受到的打击最大。劳工部报告称,2月非农就业人数从1月的16.6万增加到37.9万。
春季住房市场挂牌量急剧下降,部分原因是因為氣候不佳,再加上已经供应不足,将使购买者很难以理想的价格找到梦想中的房子。根据realtor.com的最新计算,与去年同期相比,2月底有待售房屋的数量几乎是去年的一半。
尽管目前的抵押贷款利率呈上升趋势,但利率仍保持在创纪录的低点附近,基准30年期利率比2019年平均利率低0.92个百分点。购房抵押贷款申请量本周增长了2%,比去年同期增长了1%。根据抵押银行家协会的季节性调整指数,本周抵押贷款申请总量基本持平,仅增长0.5%。
美联储今天将购买约$ 5B的抵押贷款支持证券。随着市场持续波动,我们可能会在近期达到利率峰值。贷款申请仍需要比平常更长的时间来处理。尽快提交申请,并准备可以锁定利率。 |
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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.
Golden Star, Inc. dba Transglobal Lending, 185 W. Chestnut Ave., Monrovia, CA 91016, NMLS # 1437002 (www.transgloballending.com). All rights reserved. Equal Opportunity Employer and Equal Housing Lender. All mortgage products are subject to credit property approval. Rates, Program terms and conditions are subject to change without notice. Additional conditions, qualifications, and restrictions may apply. This is not an offer for extension of credit or a commitment to lend. |
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