Nonfarm payroll growth in August increased by just 235,000 vs. expectations of 720,000. August’s jobs report showed that wages are rising even with weak hiring. Federal Reserve officials have attributed higher inflation numbers to supply issues. A continued rise in wages fueled by demand could be one of the factors.
During the pandemic, home prices have climbed at a record pace. The median price for an existing home reached over $363,000 in June 2021, a 23.4% year-over-year increase. However, according to most experts, the market is shaping up to look more like a boom rather than a bubble. Supply is also an issue; according to the National Association of Realtors, the U.S. has underbuilt its housing needs by at least 5.5 million units over the past 20 years.
The Fed will be purchasing up to $5.171B in mortgage-backed-securities today. With Mortgage Bond prices seeing strong support, applications should be prepared to float and wait for target rates.
8 月非农就业人数只是增加 了235,000 人,而预期是720,000 人。 8 月的就业报告显示,即使招聘疲软,工资仍在上涨。 美联储官员将较高的通胀数字归因于供应问题。 需求推动的工资持续上涨可能是因素之一。
在疫情期间,房价以创纪录的速度攀升。 2021 年 6 月,现有房屋的中位数价格超过 363,000 美元,同比去年增长 23.4%。 然而,根据大多数专家的说法,市场正在形成看起来更像是繁荣而不是泡沫。 供应也是一个问题; 根据全国房地产经纪人协会的数据,美国在过去 20 年中至少减少了 550 万套住房需求。
美联储今天将购买高达 $5.171B 的抵押贷款支持证券。 随着抵押债券价格获得强劲支撑,貸款申请应准备好浮动并等待目标利率。 |
Daily rate based on: SFR/Primary/LTV60/FICO 780/Purchase |
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.
|