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Solid jobs report sends mortgage rates lower

Housing Wire

Can we have a soft landing in the economy? We ended 2022 on a solid note as 4.5 million jobs were created last year — and we still have more than 10 million job openings and historically low jobless claims. The inflation growth rate is already falling and the labor market is still solid. Job report.

Mortgages 538
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Is the market pivoting ahead of the Fed?

Housing Wire

The honey badger labor market is still going strong as we got another solid jobs report Friday, which pushed bond yields higher at first. We now have a better idea of what the Federal Reserve wants to do with their Fed rate hikes, and we have a lot of data that shows that the economy will look different 12 months from now.

Marketing 493
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The honey badger labor market will still bite housing

Housing Wire

On Friday, the Bureau of Labor Statistics reported that 261,000 jobs were created and we had 29,000 positive revisions to prior reports. Since all my six recession red flags are up, the only data lines that I am focusing on regarding the cylce of economic expansion to recession are job openings and jobless claims data.

Marketing 493
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Servicers prepare to handle forbearance exits

Housing Wire

This article is part of our HousingWire 2022 forecast series. The event is exclusively for HW+ members, and you can go here to register. Servicers and politicians were both quick to say they would handle the economic crisis differently than the recession just over a decade ago, in which foreclosures were rampant. in July, a 2.3%

Mortgages 358
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When Will This Recession End?

Marco Santarelli

When Will This Recession End? A recession is defined as two consecutive quarters of negative economic growth , measured by the gross domestic product (GDP). That means the US has avoided a recession for more than a decade, since the last one ended in June 2009. Defining the Recession So, when will this recession end?

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The rising tide of house prices: Avoiding the flood

Housing Wire

After the Great Recession, the phrase “one-percenters” came into the lexicon, again suggesting that the very few own the vast majority of assets and wealth in America. After all, we are witnessing the rising tide of house prices, in a surge we’ve never seen before. Again, the numbers for many minority groups are much lower.

Equity 352
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When borrowers ‘ghost’ their servicers

Housing Wire

He has talked openly about it but is still trying to understand the reasons and potential solutions. We know who the borrowers are. “We We know who the borrowers are. We service their loans. We have their email addresses. We have their phone numbers. We know where they live. of the U.S. population.

Loans 358