Numbers

Expirations Help Forbearance Numbers; Rates Under Pressure Despite Weak Jobs Report

Economic data is traditionally one of the key contributors to interest rate movement. Of the regularly-scheduled reports, none has more market-moving street cred than The Employment Situation–otherwise known as “the jobs report” or simply NFP (due to its headline component: Non-Farm Payrolls). The relationship between econ data and rates can wax and wane. Covid definitely […]

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Residential Spending Continues to Lead Construction Numbers

Total spending on construction projects in the U.S. rose 0.9 percent in November compared to October. The U.S. Census Bureau estimated that the seasonally adjusted annual spending on all types of construction was $ 1.459 trillion during the month compared to $ 1.447 trillion the prior month, an 0.9 percent increase. The rate was up […]

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