Lowest
Jobless Claims Dropped to the Lowest Level Since the Pandemic Started
Job market momentum seems to have picked up as the vaccine is becoming more widely available across the country, with thirty-two states reporting a decrease in new claims for the week ending March 20, 2021. www.nar.realtor – Research
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
Forbearances at Their Lowest Level Since April, But There’s a Catch
Another round of expirations reduced the number of active forbearance plans last week. Black Knight said the number of homeowners in COVID-19 related plans fell by 137,000 during the week, after a slight uptick the week before. The 5.0 percent improvement was about what was expected for the first week of the month. At the […]
Fewer Forbearances; More Homebuilding; Higher Ficos; Lowest Rates
There was another decline in forbearance starts this past week and the number of loans in active plans also fell for the third straight week. Black Knight’s weekly report on COVID-19 related forbearances reported a total of 4.12 million loans that have been granted forbearance, allowing borrowers to omit or reduce mortgage payments due to […]