07/05/2024
Your Home Buying Hype Woman is around this weekend to help qualify and get offers in! Don't let the holiday slow your business down. Rates are in the green this morning, that makes for an excellent weekend for home buying!
"Sahm-thing is happening in the Labor Market. Rates are in the green! Stocks and Mortgage Bonds are both moving higher so far this morning after the June Jobs report showed the unemployment rate rising to 4.1%, trigger a recession signal called the Sahm rule.
The bureau of Labor Statistics (BLS) reported that there were 206,000 jobs created in June, which was pretty close to the estimate of 190,000 to 200,000. There were big negative revisions to the previous two months totaling 111,000...And last month's reading of 273,000 was revised to lower to 218,000. April was revised lower from 165,000 to 108,000 , which a compltely different story. Remember, May will get revised once more and will likely be even lower.
Average hourly earnings, which measures wage pressured inflation, rose .3%, which is in line with estimates. Year over year, average hourly earnings fell from 4.1% to 3.9%- MBS Highway "
