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Jobless Claims Dropped Sharply Last Week

While employment is gaining momentum, layoffs are still happening and are significantly elevated compared to pre-pandemic. www.nar.realtor – Research

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Pending Home Sales Retreat 2.8% in January, but Climb From Last Year

Pending Home Sales Retreat 2.8% in January Pending home sales took a step backward in January as inventory constraints continue to hold back prospective buyers. Media Contact:  Quintin Simmons 202-383-1178

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Layoffs Continue to Drop to the Lowest Level Within the Last Two Months

The number of people seeking unemployment benefits fell further for third straight week to the lowest level in the last couple of months. It seems that the worst months for the labor market could be behind us. www.nar.realtor – Research

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Forbearances Up Slightly After Last Week’s Plunge

Last week Black Knight reported that the beginning of October saw a decline in the number of active forbearance plans of 649,000 or 18 percent as many plans reached the end of their initial period. It was the largest single week decline since the crisis began. This week the number of loans in forbearance edged […]

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New Claims for State Unemployment Benefits Increased Last Week

Unadjusted new jobless claims totaled 857,148 in the week ending September 5, an increase of 20,140 (2.4%) from the previous week. www.nar.realtor – Research

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Layoffs declined slightly to 1 million last week

A drop in claims for unemployment checks implies that even with new layoffs there are job creations and people are able to come off unemployment. www.nar.realtor – Research

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Still Reeling From Last Week, Mortgage Rates Tiptoe Lower

Mortgage rates managed to improve modestly for the average lender today, but they remain significantly higher than they were before last week’s regulatory drama . By the time we consider the size, scope, and the precipitous imposition of the new refi fee, we’ve never seen anything remotely similar. Lenders were definitely taken by surprise and […]

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